EMPLOYEE TRANSFER is the
movement of an employee from one organization to another. It could also be referred
to as a transfer of intellectual property.
MERGER is the complete absorption of one company by another, where the acquiring firm retains its identity and the acquired firm ceases to exist as a separate entity. A merger in which a new firm is created and both the acquired and acquiring firm cease to exist is called consolidation.
SPIN-OFF is a form of corporate divestiture that results in a subsidiary or division becoming an independent company. A company can create an independent company from an existing part of the company by selling or distributing new shares. In a traditional spin-off, shares in the new entity are distributed to the parent corporation's shareholders of record on a pro rata basis. Spin-offs can also be accomplished through a leveraged buyout by the subsidiary or division's management.
SUBSIDIARY is an affiliate that is a separately incorporated entity under the host country's law. It is a company whose shares (50% or more) are owned by another corporation (parent company). Subsidiary, whose common stock is virtually 100% owned by the parent company, is a wholly owned subsidiary.
ACQUISITION is a process when one company taking over controlling interest in another company. The purchasing company treats the acquired company as an investment and adds the acquired company's assets to its own at their fair market value.