问题如下：
Matt, an analyst for Company M is considering divesting the subsidiary business of the company. He thinks that it would be best to allow some of the current shareholders to exchange shares of Company M for shares in the newly created entity. Which forms of corporate restructuring is related to his proposal?
选项：
A.Carve-outs.
B.Spin-offs.
C.Split-offs.
解释：
C is correct.
考点：Corporate Restructuring
解析：Split-off指的是原母公司部分股东以其持有的母公司股份交换新设立的公司股份，没有现金流入。
看了对之前提问的同学的回答。那么，是不是 spin-off 下，股东是没得选，必须同时持有新老公司的股票？可以这么理解吗？
另，估计选B还有个原因，就是题干里面说的 “allow”,是允许，而不是强制，必须。
