divestiture

American  

[dih-ves-ti-cher, -choor, dahy-] / dɪˈvɛs tɪ tʃər, -ˌtʃʊər, daɪ- /

Also divestment

noun

1. the act of divesting.

2. the state of being divested.

3. something, as property or investments, that has been divested.

   to reexamine the company's acquisitions and divestitures.

4. Also divesture the sale of business holdings or part of a company, especially under legal compulsion.

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divestiture Cultural  

1. The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid, during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.

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Etymology

Origin of divestiture

First recorded in 1595–1605; di- ² + (in)vestiture

Example Sentences

“Consistent with our strategy, this divestiture enables us to concentrate our capital, leadership and operational focus on the properties that we believe generate the strongest returns and offer the greatest long-term upside,” he said.

From The Wall Street Journal

Torch Key’s focus is on complex deals such as carve-outs and divestitures, including buying companies with some challenges that need operational work, Reed said.

From The Wall Street Journal

While the divestitures may reduce debt, how far the proceeds can offset lost earnings will depend on the size of the sales, it says.

From The Wall Street Journal

Global Payments said last month that it had completed its divestiture from its Issuer Solutions business.

From Barron's

Global Payments said last month that it had wrapped up its divestiture from its Issuer Solutions business.

From Barron's

Related Words

• disinvestment
• divestment