题目翻译:一家大型的美国公司根据它一分部的资产总额建立一家新公司,这家新公司的股份还是属于原公司股东所有,问这种变化属于下面哪一种?

考点:Divestiture和各个选项的含义. 关键词:set up based on

Answer (D) is correct . The transaction described is a s pinoff, which is a kind of divestiture. The types of divestiture are sale of a subunit to another company, sale of a subunit to the subunit’s management, piecemeal liquidation of the subunit’s assets, and a spin-off. This last form of divestiture is characterized by establishing a new and separate entity and transferring its newly issued stock to the shareholders of the original company. 这种方式属于分拆业务,能借着分立公司来进行，把营运的子公司之股份分配或转交给想要作出业务分拆的公司股东是这种方式的特点,为的是降低成本等财务因素

Answer (A) is incorrect because A merger is a combination of companies.
Answer (B) is incorrect because A synergistic merger is one in which the value of the combined entity exceeds the sum of the values of the separate entities.
Answer (C) is incorrect because A holding company is a firm that owns sufficient stock in another company to control it.