Question: A spinoff occurs when a company Multiple choice question. sells an unwanted business unit to another company. makes an offer to acquire another company but

A spinoff occurs when a company
Multiple choice question.
sells an unwanted business unit to another company.
makes an offer to acquire another company but the offer is refused.
creates a financially and managerially independent company intended to function on its own.
wants to get rid of a business but divestiture is legally prohibited.

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