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The growth of debt markets has made it possible to spin off hotel buildings to separate owners, who usually borrow heavily against them.
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News of the initial bid for Home Retail triggered immediate speculation that Sainsbury's would attempt to spin off Homebase as soon as possible.
Another possible solution involves using the government's control of AIG to spin off their mortgage derivative unit, separately incorporate it and force it into bankruptcy.
In 1999 it became possible to buy other firms using shares; in 2000 it became easier for companies to spin off non-core divisions.
Tyco plans to spin off or sell CIT, its financing division, as soon as possible, a move that should strengthen both CIT and Tyco, Mr. Kozlowski said.
Time Warner, for example, is expected to try to spin off its AOL unit, and Microsoft and Yahoo were widely considered to be possible bidders.
Vodafone had initially planned to spin off Orange and sell shares to the public, but it recently reversed course, holding talks with several suitors about a possible sale.
The company is seeking to spin off that unit.
Sprint too explored whether to spin off its Nextel unit.
CMGI recently filed to spin off Alta Vista.
MoviePass parent company to spin off MoviePass.
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