AVX Corporation (AVX) and Cabot Corporation (CBT) Settle All Outstanding Litigation
More News related to AVX
- AVX (AVX) Declares $0.04 Quarterly Dividend; 1.3% Yield
- AVX Corporation Declares Dividend
- AVX Corp. (AVX) Issues Preliminary Q309 Results, Exceeds Street Estimates
- AVX Corporation Announces Preliminary Third Quarter Results
- Trading Radar for 01/22: McDonald's (MCD), General Electric (GE), Schlumberger (SLB), Air Products (APD), Kimberly-Clark (KMB) Report
More News related to CBT
- J.P. Morgan Upgrades Cabot Corp (CBT) to Neutral
- Cabot Announces First Quarter Fiscal Year 2010 Operating Results
- Trading Radar for 01/27: ConocoPhillips (COP), Boeing (BA), Abbott (ABT), General Dynamics (GD), E*TRADE (ETFC) Report
- Cabot Corporation to Announce First Quarter 2010 Operating Results
- Cobalt Coal to Begin Cash Flow with Coal Sales Contract.
More News related to Corporate News
- S&P Announces Change to US Index: TSRA for FIF
- RealNetworks (RNWK) and MTV Networks (VIA-B) to Split Off Joint Venture Rhapsody
- Watts Water (WTS) Board Approves Restructuring Program; Shutting Down 3 Plants, Cutting 95 Jobs
- Transcept Pharmaceuticals (TSPT) Granted U.S. Patent Covering Intermezzo Formulation
- AAR (AIR) Predicts Impact of Mesa's Bankruptcy on Q3 Results
AVX Corporation (NYSE: AVX) and Cabot Corporation (NYSE: CBT) announced today the resolution of all outstanding litigation between the parties relating to the supply of tantalum by Cabot to AVX. The terms of the settlement are confidential.
According to Kurt Cummings, Vice President and Chief Financial Officer and spokesperson for AVX, "AVX is pleased with the complete resolution of these disputes which will allow both parties to focus on business challenges in the current economy. We expect that this settlement will allow both companies to forge a stronger relationship in the future."
According to Eduardo E. Cordeiro, Cabot's Executive Vice President and Chief Financial Officer, "Cabot has always viewed AVX as an important customer and believes that the resolution of these matters is in the best interest of both parties and consistent with their long term economic interests."
Cabot Corporation is a global performance materials company headquartered in Boston, Massachusetts, USA.[SM]
Related Categories
Corporate NewsStocks Mentioned
+0.28Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
