When a firm sells a part of its business to a new owner, that business is considered a divested business. With a decision to focus on the trucking business, the board of directors authorized divesting the railroad division to one of its competitors.
When a firm sells a part of its business to a new owner, that business is considered a divested business. With a decision to focus on the trucking business, the board of directors authorized divesting the railroad division to one of its competitors.