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As a result, Mr. Roth said, "when an attractive opportunity to divest a portion of our position recently presented itself, we decided that it made sense to do so".
(EE was required to divest a portion of its spectrum by the U.K. telecoms watchdog as a condition of the merger between Orange and T-Mobile, which make up the EE joint venture).
The firm may discuss its ownership stakes in investment company BlackRock and financial data firm Bloomberg when it reports second-quarter earnings after the closing bell July 17, and speculation has suggested Merrill could divest a portion of those stakes in order to raise capital.
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Mr. Kushner and his wife, Ivanka Trump, have divested a portion of his stake in the family real estate empire, including the Jersey City project.
A big chunk of the transaction would represent the government divesting a portion of its shares through the sale of common stock.
First, utilities were strongly encouraged to divest a substantial portion of their generation, while being blocked by CPUC regulations from entering into stable long-term contracts.
In preparation for his new White House role, Mr. Kushner began divesting a small portion of his stake in the family real estate empire.
Even so, she plans to divest a half bathroom of its toilet: Voilà, another closet.
Spinoffs are used for a variety of reasons to divest a business.
Connecticut lawmakers demanded that Murray divest a Fleet subsidiary in their state.
He hints, however, that Philips may divest a few more of its noncore businesses.
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