Divestiture

(redirected from divestments)
Also found in: Dictionary, Thesaurus, Legal, Financial.
Related to divestments: Divestitures

Divestiture

The breakup of AT&T (American Telephone & Telegraph Corporation), the largest company in the U.S. prior to 1984. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). Bell Labs was renamed AT&T Bell Labs, and its Western Electric manufacturing division became AT&T Technologies.

The switching centers hierarchy made Divestiture possible, because there were clear borders between long distance and local service. Except for those that handled large metropolitan regions, all non-customer facing Class 4 offices remained with AT&T, while all customer-facing Class 5 offices went to the RBOCs. See MCI Decision, Telcordia and Trivestiture.
References in periodicals archive ?
Khazanah Nasional Bhd's divestment of its 40 per cent stake in Malaysian Shoaiba Consortium Sdn Bhd will allow the sovereign wealth fund to exit the consortium with a healthy profit at a value based on future cash flows of the project.
According to the company, following these divestments, it now focuses on two Internet businesses in which it intends to acquire or consolidate a leading position.
Eversheds' study suggests that changes in the commercial and regulatory landscape have made deals less certain and more complex, with divestments taking longer to complete -- with most companies spending on average three to six months on a routine deal, increasing to one to two years for larger deals.
NORDIC BUSINESS REPORT-February 3, 2015-SSAB divests Plannja Oy in Finland as a part of divestment remedies under its combination with Rautaruukki
Dow has so far finalised divestments that have brought in a total of USD1.3bn and the proceeds from the programme are now projected to be closer to USD6bn, the company said.
presidents -- is the largest yet to endorse divestment at a churchwide convention, and the vote follows a decade of debate -- and a close call at the assembly two years ago, when divestment failed by only two votes.
23 January 2014 - Eighty percent of executives that based divestment decisions on a strategic portfolio review saw an increase in value according to a new report from professional services firm EY.
Compared with second quarter 2011, net sales for the second quarter 2012 decreased by 1% (increased by 2% excluding exchange rate effects and divestments) to SEK 20.27 million ($3.02 million).
British broker KBC Peel Hunt and re-insurer Secura are also among the potential divestments, the paper said.
Six operating units are also set to go as part of a divestment initiative, reducing the company's paper and board capacity by 530,000 metric tons/yr, pulp capacity by 305,000 metric tons/yr and sawing capacity by 340,000 m3.
A well-known Palestinian theologian has urged Canadian churches to follow the lead of the Presbyterian Church in America, which voted recently for a selective divestment from Israel.
Compared with the first quarter 2018, Integrated Gas production is expected to decrease by some 140 - 170 thousand boe/d, mainly due to divestments, the transfer of some activities into the Upstream segment as of 2019 and higher maintenance activities.