Chemical Finance Digest, Aug. 22-26

Topping the headlines last week, Cabot announced plans to sell its Supermetals business, which makes tantalum and alloys, to Global Advanced Metals, a tantalum ore supplier, for $400 million. The business posted $177 million in sales in 2010, and the deal is expected to close by the end of the year.   In other M&A news, Reliance Industries has named Navin Wadhwani, a managing director at investment bank NM Rothschild & Sons, head of the company's newly-created M&A division. Meanwhile, the European Commission has approved Berkshire Hathaway's...

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