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).
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).
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.
This divesture is currently expected to close in MACOM's fourth fiscal quarter of 2015.
As disclosed in the fourth quarter 2008 earnings release, the incremental store divesture costs were not included in the Company's 2009 annual outlook.
M2 EQUITYBITES-February 13, 2013-UTC announces completion of divesture of UTC Power Unit(C)2013 M2 COMMUNICATIONS http://www.
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.
M2 EQUITYBITES-February 5, 2013-Harris announces completion of divesture of Broadcast Communications business for USD225m(C)2013 M2 COMMUNICATIONS http://www.
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.
United Technologies Corp (NYSE:UTX) announced on Saturday that it has reached an agreement for the divesture of its UTC Power fuel cells unit to ClearEdge Power.
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.
M2 EQUITYBITES-July 14, 2011-Saab announces divesture of shares in C3 Technologies for SEK1,009m(C)2011 M2 COMMUNICATIONS http://www.