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Cabot to Sell Supermetals Business for $400 Mln
Aug. 25, 2011 09:49AM PST
Tantalum InvestingReuters Africa reports Cabot Corp (NYSE:CBT) said it will sell its supermetals business to Australia’s Global Advanced Metals.
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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