• WordNet 3.6
    • n divestiture the sale by a company of a product line or a subsidiary or a division
    • n divestiture an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behavior "the court found divestiture to be necessary in preventing a monopoly"
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Webster's Revised Unabridged Dictionary
    • n Divestiture The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.
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Century Dictionary and Cyclopedia
    • n divestiture The act of stripping, putting off, or depriving.
    • n divestiture In law, the act of surrendering one's effects or any part thereof: opposed to investiture.
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In literature:

Until the cataclysmic divestiture of the 1980s, Ma Bell was perhaps the ultimate maternalist mega-employer.
"Hacker Crackdown" by Bruce Sterling

In news:

Former president with MassMutual will be responsible for leading mergers, acquisitions, divestitures and joint ventures.
NRC Realty Advisors LLC (NRC) is handling the proposed divestiture.
UTC Hires Citi For Goodrich Divestiture .
SeaChange posts loss post- divestiture .
Genzyme closes $265M unit sale, plans another divestiture .
Starwood Swings to Loss on Divestiture .
Ethicon Endo-Surgery Completes Divestiture of Breast Care Business to Devicor Medical Products.
The divestiture occurred by means of the sale of all shares of Mackie Italy by Mackie Designs (Netherlands) B.V.
Divestitures Likely in a Modelo Deal.
Canadian Pacific Canadian Pacific: New 'rapid change agenda' includes job cuts, headquarters relocation, DM&E line divestiture and mid-60s operating ratio.
Offshore energy company gains after announcing latest divestiture plans.
FTC Seeks More Divestitures in Hertz -Dollar Thrifty Deal.
The insulating materials Neopor, Styropor, Styrodur as well as insulating materials made of polyurethane will not be effected by the divestiture and will remain in BASF's product portfolio.
Dow completes $660m Optimal divestiture to Petronas.
Jeff Weirens, leader of Deloitte Consulting's Merger Integration and Divestiture practice, explains what steps CFOs need to take to be a prepared seller.