BOSTON--(BUSINESS WIRE)--Jan. 13, 2015--
On Friday, January 9, 2015, the Board of Directors of Cabot
Corporation (NYSE:CBT) authorized the Company to repurchase up to 5
million shares of the Company’s common stock and cancelled the previous
authorization. The timing and amount of any shares repurchased will be
determined by Cabot's management based on its evaluation of market
conditions and other factors. Shares will be repurchased in the open
market or in privately negotiated transactions using the Company's
existing sources of liquidity and free cash flow generated in the
future. All shares repurchased will be retired and restored to the
status of authorized but unissued shares of common stock of the Company.
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston, Massachusetts.
The company is a leading provider of rubber
and specialty
carbons, activated
carbon, inkjet
colorants, cesium
formate drilling fluids, fumed
silica, and aerogel.
For more information on Cabot, please visit the company’s website at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot's business that
are not historical facts are forward looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward looking statements, see "Risk Factors" in the
Company's Annual Report on Form 10-K.
Source: Cabot Corporation
Cabot Corporation
Erica McLaughlin, 617-342-6090
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