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 ?
In mid-2004, MCI announced its next-generation, local-to-national Ethernet capabilities which are available today, including U.
Combined, MCI Worldcom-Sprint would still be smaller in terms of revenue than AT&T.
Details of the rights distribution are contained in a letter being sent to all MCI stockholders shortly.
Sources indicated that Judge Wilk also decided two landlord motions, to vacate stays of MCI increases based on the Ansonia decision, on July 8.
By using the quantitative scores from the program as one measure to determine bonus allocation for employees, MCI has shown a true dedication to customer experience as well as a keen understanding as to the importance of measuring and acting on customer feedback.
As if Worldcom's bold bid for MCI weren't enough, the company also announced Wednesday that it has also agreed to buy Brooks Fiber Properties for $2.
British Telecom and MCI announced the merger in November.
CONTACT: Jane Levene, 914-934-6480, or Paul Charles, 914-933-7167, both of MCI International/
AT&T and MCI for high-capacity circuits (including DS-1s and DS-3s) used to provide business services, and includes both on-net and off-net rates for AT&T and MCI.
In May 1995, MCI agreed to invest $2 billion in Rupert Murdoch's News Corp.
We are pleased to be working with companies such as MTV, whose worldwide reach enables MCI to demonstrate to a large, global audience the unique benefits our customers experience when communicating with friends and family using the MCI VideoPhone," said Jerry Taylor, president, MCI Consumer Markets.