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Which of the following involves a firm splitting off a division to operate as an independent firm with its own stock, but where the original

Which of the following involves a firm splitting off a division to operate as an independent firm with its own stock, but where the original firm receives no cash when giving shares in the new firm to the original firms shareholders?

Question 1 options:

	Spinoff
	Equity carve-out
	Tender offer
	Divestiture

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