from The American Heritage® Dictionary of the English Language, 4th Edition
- n. An act of divesting.
- n. The sale, liquidation, or spinoff of a corporate division or subsidiary.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. the act of divesting, or something divested
- n. the sale or liquidation of a subsidiary company, especially if forced by some governing authority
from the GNU version of the Collaborative International Dictionary of English
- n. The act of stripping, or depriving; the state of being divested; the deprivation, or surrender, of possession of property, rights, etc.
from The Century Dictionary and Cyclopedia
- n. The act of stripping, putting off, or depriving.
- n. In law, the act of surrendering one's effects or any part thereof: opposed to investiture.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the sale by a company of a product line or a subsidiary or a division
- n. 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
In most divestiture cases (including AT&T) the divestiture is decision which is made by the company in order to avoid living under the terms of the consent decree (i.e. previous settlement).
To permit the merger based on this so-called divestiture, the DoJ would have to conclude that with Paciolan, Comcast (the reported recipient) would have the incentive and ability to fully restore competition.
Sen. Blanche Lincoln's derivatives proposal, usually referred to as the divestiture or push down requirement, is the only worthwhile proposal in the Senate financial regulation bill.
Kalla said the divestiture, which is expected to close during the third quarter, signals CBS' new strategic focus on advertising-supported media.
The Fort Lupton plant and midstream facilities divestiture, which is subject to certain regulatory approvals and customary closing conditions, is expected to close in the first quarter of 2011.
The divestiture is an attempt to address the concerns of the Justice Department, which sued to block the takeover on August 31 saying the deal would "substantially lessen competition" in the wireless market, Bloomberg said.
"We did look to do some divestitures, so negotiating the divestiture was a factor on who got a chunk of what business," says Sherman.
Christi, a Catholic nongovernmental organization that describes itself as a human rights and peace movement -- issued a joint statement Friday calling their divestiture campaign "a major success."
Stryker expects to incur a one-time non cash charge of roughly $75 million - $80 million in fourth-quarter 2010 from the divestiture, which is expected to dilute its earnings per share for the quarter by about 19 cents to 20 cents.
Stock, CEO of the Gruenenthal Group said, The divestiture is the next logical step in implementing our strategy to focus on development and marketing of innovative pain medication.