GAM Completes Acquisition of Cabot Tantalum Business

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 last August (CW, Sept. 5/12, p. 7). GAM has made an initial payment of $175 million. This will be followed by additional payments of approximately $225 million within two years. Cabot says the sale is estimated to result in a pre-tax gain of approximately $330 million, approximately $300 million of...

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