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.
Since its start 20-odd years ago, metallic silhouette shooting has spread. The National Rifle Association has developed courses of fire for black-powder cartridge rifle, long-range pistol, short-range pistol, smallbore (rimfire) rifle, even air rifle and air pistol. A local club has âCowboyâ silhouette matches.