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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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Temasek announced in early October that it had begun divestment of wholly-owned PowerSeraya but last week said it had decided not to proceed further, "in light of the market conditions". The divestment law, signed in July, requires New Hampshire state retirement funds to eventually divest holdings in "scrutinized companies," which it defines as companies owned by the Sudanese government, companies that supply military equipment within Sudan or companies involved in certain government-commissioned consortiums. Act that would give congressional authorization for state and local governments' divestment schemes. |
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