Cabot Increases Share Repurchase Authorization by 10 Million

Cabot Corporation’s (CBT) board has authorized it to buy back up to 10 million additional shares of its common stock, bringing the total number of shares available for repurchase to around 11 million.Returning cash to shareholders is a critical component of the capital allocation system, and this authorization indicates the company's confidence in its expected earnings performance and cash flow generation over the future years.Cabot's management will decide when and how many shares will be repurchased based ...