Cabot Corp.

+1.16 (+1.95%)
Divestitures / Spin-offs, Other Pre-Announcement

Cabot Corporation Signs Agreement To Divest Purification Solutions Business

Published: 11/26/2021 13:22 GMT
Cabot Corp. (CBT) - Cabot Corporation Signs Agreement to Divest Purification Solutions Business.
Cabot Corp - Agreement to Sell Its Purification Solutions Business to One Equity Partners, in Deal Valued at $111 Million.
Cabot Corp - Expects to Recognize Pre-tax Impairment Charge in Range of $155 Million to $165 Million in First Fiscal Quarter of 2022 in Relation to Sale.
Cabot Corp - Cabot's Full Year 2022 Adjusted EPS Outlook of $5.20-$5.60 Remains Unchanged.
Cabot Corp - Net Cash Proceeds From Deal Expected to Be About $80 Million.
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