divestiture

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divestiture

n. the court ordered or voluntary giving up of a possession or right, which is a common result in an anti-trust action to prevent monopoly or other restraint of trade.

See: abridgment, garnishment
References in periodicals archive ?
Firms with close bank ties face less pressure to make abrupt cuts in employees or engage in divesture restructuring because they are assured of funding, even given a poor performance (Hoshi/Kashyap 2001).
The divesture is expected to reduce the total outstanding shares of the company to approximately 9 billion to 9.
Fitch expects proceeds from divestures and cash generated by operations to be used for investments into its core businesses, acquisitions and for return of capital to shareholders (dividends and/or share buybacks).
The divestiture of the Vascular Access product line was based on extensive strategic evaluation which concluded that the divesture of these non core product lines would enable us to better focus our efforts and resources on our Ophthalmic and IVD businesses," said Richard J.
TRI has been reviewing its portfolio of assets and has announced a number of divestures over the past year including (completed and pending): its Scandinavian legal, tax and accounting businesses; BARBRI legal education; Enterprise Risk and Portia businesses.
As disclosed in the fourth quarter 2008 earnings release, the incremental store divesture costs were not included in the Company's 2009 annual outlook.
Schuh will provide an update on the company's divesture of its products and assets related to the life science research market and AviaraDx, Inc.
Strategic Divesture Further Enables Recruitmax to Focus Squarely on Core Business of Providing Strategic Workforce Management Technology and Services to Large to Mid-Sized Enterprises
As of the effective date, the estimated proved reserves were approximately one-third of the reserves contained within the divesture package EPL has been marketing recently.
9 /PRNewswire-FirstCall/ -- Encore Medical Corporation announced today that it has successfully completed the divesture of certain assets which comprise its bracing, splinting, and patient safety products for cash consideration of $10 million, net of certain customary closing adjustments.
The announced sale represents approximately one-third of the reserves contained within the divesture package EPL has been marketing recently, which included both onshore south Louisiana and Gulf of Mexico (GOM) Shelf properties.
Augustine will greatly aid the Company in pursuing its fundamental business strategy of building assets in the health care and medical products field, with his immediate focus on assisting in the Company's divesture of its non-healthcare assets.