Cabot Corporation Buyback
OLI recorded this information on 1/13/2015
Company:
Cabot Corporation
Buyback:
CBT buyback
Share Amount Authorized:
5,000,000.00
Buyback Details:
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.
Cabot is a global specialty chemicals and performance materials company. Co.'s principal products are reinforcing and specialty carbons, specialty compounds, conductive carbons, carbon nanotubes, fumed metal oxides, inkjet colorants, and aerogel. Co.'s business is organized into two reportable segments: Reinforcement Materials, which includes reinforcing carbons and engineered elastomer composites solutions; and Performance Chemicals, which combines its specialty carbons, battery materials, fumed metal oxides and aerogel product lines into its Performance Additives business as well as combines its specialty compounds and inkjet product lines into its Formulated Solutions business.
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Avg. Broker Rec.
 
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Buy (3.33 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CBT Stock Forecast Based on Zacks ABR data; powered by Xignite |
