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What is the meanig of Divestiture?

What is meant by Divestiture?


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Divested" is a legal term that means relinquished or dispossessed. The term usually refers to the surrender or forfeiture of the property or authority.

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Team Legistify

A divestiture is the partial or full disposal of a business unit through sale, exchange, closure or bankruptcy. Divestiture may result from a management decision to no longer operate a business unit because it is not part of a core competency. It may also occur if a business unit is deemed redundant after a merger or acquisition.

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