DEFINITION of 'Wholly Owned Subsidiary'. A company whose common stock is 100% owned by another company, called the parent company. A company can become a wholly owned subsidiary through acquisition by the parent company or spin off from the parent company. In contrast, a regular subsidiary is 51 to 99% owned by the parent company.
Invented in Mexico, Adopted in America. Itâs thought that silhouette shooting began in Mexico around 1914 as a marksmanship contest between Pancho Villaâs men. The sport spread throughout Mexico following the Mexican Revolution, eventually making its way to America in the 1960s.
Two M2 howitzers (1942) are still employed in providing the gun salute at Kristiansten Fortress, in Trondheim, Norway. M101/M2 is one of three approved salute guns in the Norwegian armed forces, and have been reduced to a caliber of 75 mm for this purpose. They are used for gun salute also at Rena and Setermoen.