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.

References in periodicals archive ?
Nexstar will have "an attributable interest in television stations reaching 38.2965% of the national audience" following the divestitures.
Based on the original purchase price, net of anticipated divestiture proceeds, the company now expects the net purchase price to be in the range of USD 1.4bn to USD 1.5bn.
Additionally, there are three substantial reasons for concluding that a divestiture of Towanda is likely to be competitive and profitable.
"It's important to note all other plans and products, including our Individual Medicare Advantage (MA), integrated Medicare Advantage with Part D (MAPD) and stand-alone (MA-only) Group Medicare Advantage, Medicare Supplement, Ancillary and Commercial plans and products, are not impacted by this sale," Aetna said in a September 27 statement announcing the divestiture.
Gross proceeds from the divestiture are expected to be approximately $2.3 billion, (with net proceeds of $2.2 billion).
6 ( ANI ): In response to queries from investors regarding IndiGo's involvement in the upcoming divestiture of Air India, IndiGo on Friday said it was not interested in taking over Air India's domestic operations.
"With these significant divestitures, we will transfer 28 mining-related permits, reduce surety bonding by approximately $3.5 million, eliminate future reclamation spending at these sites, and further reduce our annual holding cost for inactive and idle properties by approximately $1.1 million," Stetson said.
Total segment earnings before interest, taxes, depreciation, and amortization (total segment EBITDA) in the first quarter 2017 was USD 651m, up 2% versus the prior year period, or up 4% excluding impacts from currency and the Australian ATM divestiture. Total reported segment EBITDA margin improved 10 basis points to 37.7% in the quarter.
Sherwin-Williams no longer believes the divestiture will be completed, and the Valspar acquisition closed, by the end of April, and expects to provide more definitive timing for the divestiture and completion of the Valspar acquisition on its first quarter earnings conference call on April 20,2017.
When the University of Massachusetts system's foundation embraced fossil-fuel divestiture in May, it pledged to dump only its direct investments in oil, gas and coal companies.
M2 PHARMA-August 4, 2016-Allergan completes divestiture of generic pharmaceuticals business to Teva Pharmaceutical
TELECOMWORLDWIRE-March 24, 2016-Elephant Talk Communications Updates Shareholders on ValidSoft Divestiture