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Cabot sells its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited for $135 million

June 2019

Client(s) Cabot Corporation

Jones Day advised Cabot Corporation in the sale 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 consisted of $135 million paid at closing, with additional cash considerations that could include royalties of up to $5 million for lithium products, payable over a ten-year period.

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