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November 2, 2018
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Divested Business

http://d3fzrw9hngh8qa.cloudfront.net/glossary/20181015-KWHSG-Divested-Business.mp4

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.

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