Cabot to Sell Supermetals Business for $400 Mln

Reuters Africa reports Cabot Corp (NYSE:CBT) said it will sell its supermetals business to Australia’s Global Advanced Metals.

The market news is quoted as saying,

Global Advanced Metals supplies tantalum used in iPods and BlackBerry smart phones.

Cabot, whose products are used in a variety of sectors — from electronics to energy — said it will use the proceeds to pursue potential acquisitions.

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