divestiture

Definition

Disposition or sale of an asset by a company. A company will often divest an asset which is not performing well, which is not vital to the company's core business, or which is worth more to a potential buyer or as a separate entity than as part of the company.

Use divestiture in a sentence

The divestiture was almost done and that was good because it was about time that the asset was finally sold.

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My hedge fund manager revealed to me that he had to get rid of a lot of different stocks as a divestiture after the crash happened.

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The divestiture was a painful but necessary action, despite every employee enjoying the company's location, the headquarters had to be moved.

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