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Cabot to sell specialty fluids business in $135M deal

Published 01/30/2019, 09:15 AM
© Reuters.  Cabot to sell specialty fluids business in $135M deal
CBT
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  • Cabot Corp . (NYSE:CBT) agrees to sell its specialty fluids segment to China's Sinomine Rare Metals Resources in a deal valued at $135M.
  • The purchase price consists of $130M to be paid at closing and additional cash royalties of up to $5M for lithium products, payable over 10 years.
  • CBT says the sale is consistent with its plan to focus resources on advantaged growth initiatives in core businesses.
  • Now read: Orion Engineered Carbons Catching The Cycle


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