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What is a divestiture?

What is a divestiture? Here are some definitions.

Noun
  1. the act of divesting, or something divested
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The Commission is currently monitoring that divestiture of motorway service stations is done in a way that promotes competition.
In many countries there is no power to seek divestiture to split up established business enterprises.
To meet this definition, the asset must be available for immediate sale and the divestiture must be highly probable.
This divestiture created an affiliated-unaffiliated oligopoly market structure for recorded music.
We need to bring in measures such as divestiture in those countries where there are dominant operators.
An interesting case in point was the forced divestiture of Clorox by Procter and Gamble.

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