Offers an in-depth guide to divestiture - increasingly a component of financial restructuring plans. It offers information on strategies, rationale for divestiture, the effects on employees, and the internal management problems that can accompany divestiture implementation. In addition, the author offers full coverage of the various divestiture techniques including direct sale, spin-offs, Employee Stock Option Plans (ESOPs) and Leveraged Buy-Outs (LBOs). Schmidt demonstrates that divestiture is often the best solution for a corporation faced with the need to raise cash, dispose of properties that do not fit with the firm’s overall strategic plan or show unsatisfactory returns, or remain competitive in today’s global markets.