parent company
subconcept
business department
subaspect
subuser
subcouncil
takeover target
target company
parastatal
subcommissary
subexplanation
coy
play second fiddle
subbroker
employee-owned enterprise
subproposal
subname
company-specific
employee-owned business
spin out
Kabalarian
utility
substrategy
proprietarily
mutual
public utility company
public utility
public-service corporation
conglomerate
subrank
empire
subsidiarization
corporationwide
close
subtier
foreign
conglomeratic
corporative
corporatewide
stock
suboverseer
shareholder
corporate investor
shareholdership
intercorporate
publishing conglomerate
intercorporation
crown jewel