Cabot Corporation sells specialty fluids business to Sinomine
Overview
Fillmore Riley LLP acted as Canadian counsel, working with lead counsel Jones Day in advising Cabot Corporation on the sale by Cabot Corporation of its specialty fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., for $135 million. The purchase price consists of $130 million was paid at closing, subject to customary closing adjustments and additional cash royalties of up to $5 million for lithium products, payable over a ten-year period.