IHS Chemical Week

Regions :: North America :: U.S.

Cabot Plans Share Buyback; Sets Aside $10 Million for Carbon Black Litigation

1:46 PM MDT | May 23, 2007 | Robert Westervelt

Cabot Corp. says that its board has authorized the repurchase of up to 5 million shares of common stock, equivalent to up to 7.8% of Cabot’s common stock outstanding. A complete purchase of 5 million shares under the program would be valued at roughly $227 million, based on Cabot’s May 15 share price. “Given our strong financial performance and balance sheet, we plan to engage more actively in share repurchase activities, while at the same time continuing to pursue attractive growth opportunities,” says Cabot chairman and CEO Kennett...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa