|—vb (usually foll by of)|
|1.||to strip (of clothes): to divest oneself of one's coat|
|2.||to deprive or dispossess|
|3.||property law to take away an estate or interest in property vested (in a person)|
|[C17: changed from earlier |
The act of a corporation or conglomerate in getting rid of a subsidiary company or division. In a tactic to pressure South Africa to end apartheid, during the 1980s many Americans and Europeans urged divestiture on corporations doing business in South Africa.