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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The stores already had been targeted for divesture by Federated as a result of the company's $11 billion acquisition of May Department Stores Co. The company estimates the loss on disposal from the Tennessee divesture to be $416,000 for the fiscal year. A federal judge, however, ruled in early 2004 that the monument's place on public land violated the separation of church and state, despite the city's divesture of it. |
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