Cabot Corp. entered into an agreement to sell its
Supermetals business to Global Advanced Metals (GAM) for a minimum of $400 million
in total cash consideration. The transaction is subject to regulatory approval
and is expected to close by the end of the calendar year. GAM is a global
leader in the supply of tantalum ore, a raw material used by the Supermetals
business in the manufacture of high-end products to the aerospace, electronics and
other industries. Cabot will maintain its mining operation in Manitoba, Canada,
where the company mines cesium for its Specialty Fluids Business and tantalum.