The parent company's stock price has dropped almost by half
Minnwest is the parent company of five community banks
The multinational corporation acts as a parent company, overseeing various subsidiaries around the world.
The parent company acquired a smaller startup to expand its market presence in the tech industry.
Each subsidiary of the parent company operates independently but follows the overarching corporate guidelines.
The financial performance of the parent company directly impacts the overall success of its subsidiaries.