Divestiture

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Divestiture

A complete asset or investment disposal such as outright sale or liquidation.

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.

divestiture

The sale, liquidation, or spinoff of a division or subsidiary. For example, a firm may decide to divest itself of a division in order to concentrate its managerial efforts on more promising segments of its business.
References in periodicals archive ?
A good candidate for receiving divested clients is a subcontractor or a practitioner just starting out, which the firm has previously used for peak seasonal staffing needs.
Previous studies measure the separate effects of purchases or sales of divested assets, not the effects on a matched set of buyers and sellers of the same assets.
The list of Ralphs markets to be divested includes five in the San Fernando Valley, one in Camarillo and one in Canyon Country.
The Finnish plumbing and heating systems supplier Uponor Oyj said on Monday (3 October) that it had divested its last investment property, a nine-floor office and commercial building in Huddinge, Sweden.
As part of the sale, Aetrium transferred all intellectual property, inventory, equipment and other assets associated with the divested product lines to WEB Technology.
The Swedish tobacco and smoking products group Swedish Match AB said on Friday (1 July) that it had divested its 74% holding in Wimco Ltd to Russell Credit Ltd, a wholly-owned subsidiary of Indian Tobacco Company (ICT).
The turnover of the divested activity is slightly more than MSEK 100 and it employs approximately 110 people.
The Swedish construction group Skanska announced on Friday (15 August) that it had divested its construction operations in Latvia as part of its strategy to focus on selected home markets.
The Department of Justice has appointed a trustee to operate the divested markets, which include licenses, retail stores, employees, customers and the network assets necessary to operate the wireless business, until the markets are sold.
The Swedish shipping company B&N Nordsjofrakt AB said on Monday (17 March) that it had divested the 5,500 dwt bulk vessel MV Bergon.
The Finnish plastic pipe systems supplier Uponor Oyj has divested its 80% holding in the real estate company Kiinteisto Oy Martinsillantie 2a in Espoo, Finland and the Kainuun tekstiili business premises in Kajaani, Finland for a total of approximately EUR6.
Ingemar Fraim has divested 283,070 Series B shares.