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Regions :: Australia/New Zealand
GAM Completes Acquisition of Cabot Supermetals Business
11:29 AM MST | January 23, 2012
Global Advanced Metals’ (GAM; West Perth, Australia) has completed its $400-million acquisition of Cabot’s Supermetals business, a leading maker of tantalum-based products, following approval by U.S. regulatory authorities. The acquisition was announced in August 2011. GAM has made an initial payment of $175 million. This will be followed by additional payments of approximately $225 million to be paid within two years, including a payout linked to the performance of the business. Cabot says the sale is estimated to result in a pre-tax gain of...
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