divestiture

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di·ves·ti·ture

(dĭ-vĕs′tĭ-chər, -cho͝or′, dī-)

1. An act of divesting.

2. The sale, liquidation, or spinoff of a corporate division or subsidiary.

[From Medieval Latin dīvestītus, past participle of dīvestīre, to undress, variant of disvestīre : Latin dis-, dis- + Latin vestīre, to dress; see vestment.]

di•vest•i•ture

(dɪˈvɛs tɪ tʃər, -ˌtʃʊər, daɪ-)

n.

1. the act of divesting.

2. the state of being divested.

3. something, as property or investments, that has been divested.

4. the sale of business holdings by government order.

[1595–1605; di-² + (in) vestiture]

ThesaurusAntonymsRelated WordsSynonymsLegend:

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Noun	1.	divestiture - an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behavior; "the court found divestiture to be necessary in preventing a monopoly" court order - a writ issued by a court of law requiring a person to do something or to refrain from doing something law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
	2.	divestiture - the sale by a company of a product line or a subsidiary or a division sale - a particular instance of selling; "he has just made his first sale"; "they had to complete the sale before the banks closed"

divestiture

noun

The condition of being deprived of what one once had or ought to have:

deprival, deprivation, dispossession, loss, privation.

Translations

divestiture

, divestment

n (form)

(= deprivation) (of clothes) → Entkleidung f, → Entblößung f; (of rights) → Beraubung f

(Fin: of investment) → Veräußerung f

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References in periodicals archive ?

In total, this accounts for $250M-$300M in cumulative divestures inclusive of completed and pending divestitures.

Quorum says has received $47M in net proceeds from divestitures at March 1

Icahn previously sent a letter to the board chairman asking to replace two board members; change voting requirements to a supermajority for any proposals on executive pay, acquisitions, divestures and the like; and to kill a poison pill provision the company adopted in late 2017, when Icahn and others opposed SandRidge's proposed buyout of Bonanza Creek Energy.

SandRidge rejects Icahn changes

The dual efforts are a requirement, providing enforcement of the divestures needed by Nexstar.

Nexstar To Shed Seven As DOJ OK's Media General Deal

have closed its announced acquisition of Biomet, Inc, as it found buyers for its mandated divestures, and for US-based market researcher Kalorama Information, that demonstrates the appetite for purchases and mergers in the industry.

Deal snapshot: ZIMMER DIVESTITURES SHOW HEALTHY MARKET FOR ORTHOPEDIC DEALS, FINDS KALORAMA

Following talks with the latter, Thermo Fisher does not expect that any more divestures will be needed to gain US approval for the deal.

Thermo Fisher gains EC nod to buy Life Technologies

In his new role in CNA Financial he will be responsible for corporate mergers, acquisitions and divestures.

-CNA Financial Corp names James Anderson senior VP of FP&A

In 2000, the revision of Commercial Codes introduced procedures for splitting-up companies to facilitate restructuring through spin-offs and divestures, and the enactment of Civil Rehabilitation Law simplified bankruptcy reorganization procedures.

The emergence of portfolio restructuring in Japan

The saga of the Alltel-Verizon merger continues as parties interested in snapping up the divestures begin to take the stage.

Bidders emerge for assets shed in Verizon-Alltel deal

Laidley has extensive experience in the areas of corporate reorganizations, acquisitions and divestures.

EMCOR Group, Inc

The sale of Trussbilt completes the Group's planned divestures of its detention businesses under the ongoing 'Leverage and Growth' programme, according to the company.