divestiture divestiture  /dɪ ˈvɛ stɪ tʃər/

Definition(s):

  1. (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
  2. (n) the sale by a company of a product line or a subsidiary or a division

Usage(s):

  1. The most immediate effect consumers are seeing after divestiture is new phone bills.
  2. For now, though, divestiture does not seem to have had much effect -- positive or negative -- on the national economy.
  3. After divestiture phone users, instead of paying for their local lines in the form of higher prices for long-distance calls, will pay for them in the form of the flat access charge.

News

  • JPMorgan to Shed Private Equity Unit - Analyst Blog

    JPMorgan Chase & Co . ( JPM ) is set to divest its private equity arm, One Equity Partners ('OEP'). This divestiture will aid One Equity Partners raise its own investment funds.
    on June 17, 2013     Source: Nasdaq

Quotes

  1. "We are doing strategic reviews; we have a list of government entities that we think need to be looked at closely about divestiture, so you can expect more news from the federal government about opportunities," Flaherty told a business-oriented...
    on Jun 21, 2010 By: Jim Flaherty Source: Montreal Gazette

  2. "The divestiture of the network will remove the ability of E.ON to use control of the network to favour its own production affiliate over its competitors," EU Competition Commissioner Neelie Kroes said in a statement.
    on Nov 26, 2008 By: Neelie Kroes Source: Reuters

  3. "This transaction reflects our desire to divest businesses that are not optimally aligned with our mission to become a global programmable solutions leader," said Cypress CEO TJ Rodgers. "The divestiture of SLM's GLV business -- the seventh...
    on Jul 1, 2008 By: TJ Rodgers Source: San Jose Business Journal (subscription)

Word of the Day
periphery periphery
/pə ˈrɪ fə ri /