Cabot Receives Favorable Ruling in Tantalum Contract Dispute

November 22, 2004
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BOSTON, Nov. 22 /PRNewswire-FirstCall/ -- Cabot Corporation (NYSE: CBT - ) today announced that it received a favorable ruling from the United States District Court granting its motion to dismiss a complaint filed against it by AVX (NYSE: AVX - ). The complaint alleged that Cabot violated the federal antitrust laws by tying the purchase of one type of tantalum product by AVX to the purchase of other types.
  • (Photo: http://www.newscom.com/cgi-bin/prnh/20000323/CABOTLOGO )

    Kennett F. Burnes, Chairman and CEO of Cabot Corporation said, "We are pleased to have this matter behind us and look forward to continuing our ongoing relationship with AVX as a valued customer."

    Throughout the litigation, AVX has continued to purchase product in accordance with the terms of its supply agreement.

    Cabot Corporation is a global specialty chemicals and materials company headquartered in Boston, MA. Cabot's major products are carbon black, fumed silica, inkjet colorants, capacitor materials, and cesium formate drilling fluids. http://www.cabot-corp.com. 

        Contact:   Investor Relations
               617-342-6244

               Ethel Shepard
               Corporate Affairs Manager
               617-342-6254
               ethel_shepard@cabot-corp.com