Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define each of the following terms:
h. Divestiture; spin-off
Expert Solution
Step 1
We can define the terms as follows:
Step 2
Divestiture:
i) It is also referred to as divestment.
ii) It is the disposal of a firm’s assets, a business division or a specific part of a business by the way of selling, exchanging, closure or bankruptcy.
Example: Sale of intellectual property, mergers and acquisitions, divestment ordered by the courts.
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