This book has the research objective to evaluate the shareholders value and performance generated by the restructuring methods Spin-Offs and Carve-Outs and to distinguish the better-off restructuring among these two methods in case of Siemens AG s endeavor. In literature analysis, the author came to the conclusion that the shareholders value is created in both the cases. So, is the result in case of Siemens AG s endeavor also took place. Analyzing of the balance sheet and income statement with the various methods devised by the scholar, the author found that the monetary value created by carve-outs to the shareholders were greater in case of Siemens AG s endeavor of both carve-outs and spin-offs of its subsidiary Infineon Technologies AG. After analyzing the performance of Infineon Technologies AG in subsequent years after carve-outs, it can be implicitly said that the value created by carve-outs as compared to spin-offs have generated higher shareholders value to the shareholders of Siemens as Infineon Technologies AG experienced losses which had been hidden in the Siemens AG s performance if carve-outs would not have been performed immediately after the spin-offs was done. So, at the conclusion the author would give credit to carve-outs as compare to spin-offs in the maximization of shareholders value in case of spin-offs and carve-outs conducted by Siemens AG.