divestiture


Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.

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 ?
1995) explained that the most compelling motive for divestiture is the urgent need to obtain internal funds because external financing is too costly.
For divestiture to work well, several conditions should exist.
After the proposed merger and divestiture, BB&T would operate the largest depository institution in the market, controlling deposits of $138.
When survey participants were asked to what degree various activities in the divestiture process presented an opportunity for financial or strategic advantage, four steps were ranked highest: negotiation, due diligence, identifying potential buyers and valuation.
Chapter 8 reviews the Chilean divestiture experience in the last two decades.
The Board's approval is specifically conditioned on compliance by BB&T with all the commitments made in connection with the proposal and with the conditions stated or referred to in this order, including BB&T's divestiture commitments.
At AT&T, divestiture has brought a far different environment to the world of finance.
Adjusting for the larger than originally planned divestitures, the pro forma proved reserves of the new Anadarko will be about 2.
With respect to each market in which Chittenden has committed to divest offices to mitigate the anticompetitive effects of the proposal, Chittenden has committed to execute, before consummation of the acquisition of Vermont Financial, sales agreements for the proposed divestitures with a purchaser determined by the Board to be competitively suitable and to complete the divestiture within 180 days of consummation of the acquisition of Vermont Financial.
San Diego, Sacramento and Bakersfield represent half the divestitures, while Los Angeles County is losing only two branches, said Kathleen Shilkret, a spokeswoman at the San Francisco-based bank.
The divestiture of Flexible Lamps, a UK manufacturer of lighting systems for commercial vehicles, following the divestitures earlier this year of the company's Neapco and Pioneer business units, furthers UCI's Centers of Excellence strategy, allowing the company now to devote full focus and attention to its core automotive aftermarket businesses: Airtex Products (fuel systems), ASC Industries (cooling systems), Champion Laboratories (filtration) and Wells Manufacturing (engine management).
Through the divestiture of PEG, Magnetek is making the transition from, predominantly, a custom components manufacturer to a systems integrator, thus changing its role from one of meeting individual customers' specifications to one of addressing market-defined, market-wide needs.