divestiture Hear it!

divestiture definition - finance
The sale of part of a company or an important company asset, either by spinning off a companyÂ’s unit, selling a unit to another company or group of employees, or liquidating it. The term also refers to a companyÂ’s sale of the stock of another company that was purchased for investment purposes.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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