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divestiture
has definitions from the fields of law,writing,business
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[ noun ] (law,writing) an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behavior
Examples "the court found divestiture to be necessary in preventing a monopoly" Used in print (U.S. Reports. Volume 366. Cases Adjudged in the...)The Government , deeming these suggestions inadequate , had urged that any judgment include divestiture of du_Pont 's shares of General_Motors . The submission of detailed plans would place the issues before the court more readily than would discussion of divestiture or disenfranchisement in the abstract . The plan called_for divestiture by du_Pont of its 63000000 shares of General_Motors stock by equal annual distributions to its stockholders , as a dividend , over a period of ten years . It argued , inter_alia , that a divestiture order would severely depress the market_value of the stock of both General_Motors and du_Pont , with consequent serious loss and hardship to hundreds of thousands of innocent investors , among them thousands of small trusts and charitable institutions ; that there would be a similar decline in the market_values of other automotive and chemical stocks , with similar losses to the stockholders of those companies ; that the tremendous volume of General_Motors stock hanging over the market for ten years would hamper the efforts of General_Motors and other automobile manufacturers to raise equity capital ; and that all this would have a serious adverse effect on the entire stock_market and on general business_activity . Related terms |
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