Cabot Corp. (CBT) has agreed to sell its Purification Solutions business to One Equity Partners, a middle market private equity firm, in a deal valued at $111 million. The company expects the transaction will close during second quarter of 2022. Net cash proceeds from the transaction is projected to be approximately $80 million.
Cabot Corp. expects to recognize a pre-tax impairment charge in the range of $155 million to $165 million in the first quarter of 2022 in relation to the sale. The company noted that its full year 2022 adjusted earnings per share outlook of $5.20-$5.60 remains unchanged.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.