Divestiture definition

Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 10.5.

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Divestiture means deactivating a service power previously authorized.

Divestiture has the meaning set forth in Section 7.02(b).

Examples of Divestiture in a sentence

It is expected that the Divestiture will not meet the criteria to be classified as a discontinued operation under ASC Topic 205, Presentation of Financial Statements, because the disposal does not represent a strategic shift that has or is expected to have a major effect on the Company’s operations or financial results.
Upon completion of the Divestiture, Star Hoist paid the Company cash consideration of approximately $210 million, subject to certain customary adjustments.
The Divestiture is accounted for as a deconsolidation in accordance with ASC Topic 810, Consolidation.
On March 4, 2026, upon the terms and subject to the conditions of the Equity Purchase Agreement, the Company completed the Divestiture.
For purposes of the unaudited pro forma condensed combined financial information, the Company has reflected the $210 million of gross proceeds received from the Divestiture.

More Definitions of Divestiture

Divestiture means the sale of any Taxable Entity, other than any such sale that is or is part of a Change of Control.

Divestiture means (A) the sale, license or other disposition or holding separate (through the establishment of a trust or otherwise) of any assets or categories of assets of Parent or any of its affiliates or the Company, (B) the imposition of any limitation or restriction on the ability of Parent or any of its Affiliates to freely conduct their business or the Company’s business or own such assets, or (C) the holding separate of the shares of Company Common Stock or any limitation or regulation on the ability of Parent or any of its Affiliates to exercise full rights of ownership of the shares of Company Common Stock.

Divestiture means any transaction or event that the Board specifies as a Divestiture under Section 11.5.

Divestiture means the sale of, or closing by, the Company of the business operations in which the Participant is employed.

Divestiture shall have the meaning set forth in Section 6.4(b).

Divestiture means a permanent disposition to a person other than the Company of a plant or other facility or property at which the Participant performs a majority of the Participant’s services, whether such disposition is effected by means of a sale of assets, a sale of Subsidiary stock or otherwise.

Divestiture means a transaction that results in the transfer of control of the business operation divested to any person, corporation, association, partnership, joint venture, limited liability company or other business entity of which less than 50% of the voting stock or other equity interests are directly or indirectly owned or controlled by the Corporation, by one or more of the Corporation’s Subsidiaries or by any combination thereof; and