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Divestiture |
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Divestiture
Divestiture The removal of assets from a person or firm's balance sheet through sale, exchange, closure, bankruptcy, or some other means. Divestiture may occur when a person or company has acquired more than he/she/it can properly administer. This sort of divestiture may occur slowly; for example, a corporation may slowly sell subsidiaries to concentrate exclusively on its core competence. On the other hand, divestiture may occur because a person or company has become cash poor and needs to build liquidity very quickly. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The stores already had been targeted for divesture by Federated as a result of the company's $11 billion acquisition of May Department Stores Co. The company estimates the loss on disposal from the Tennessee divesture to be $416,000 for the fiscal year. A federal judge, however, ruled in early 2004 that the monument's place on public land violated the separation of church and state, despite the city's divesture of it. |
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