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What is the difference between an equity carve-out and a spin-off Why would a corporation choose to do one over the other? Describe a situation

What is the difference between an equity carve-out and a spin-off Why would a corporation choose to do one over the other? Describe a situation where an equity carve-out would be more advantageous than a spin-off. Describe a situation where a spin-off would be more advantageous than an equity carve-out

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