Is “Divestiture” a Scrabble word?

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Yes
DIVESTITURE
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Divestiture

noun
  1. 1.The act of divesting, or something divested.

  2. 2.The process of stripping away a person's confidence, values and attitudes in order to indoctrinate them into an organization.