AVX and Cabot Announce Litigation Settlement.MYRTLE BEACH, S.C. -- AVX AVX Adult Video XXX AVX Avid Visual Extensions AVX anti Virus Expert Corporation (NYSE NYSE See: New York Stock Exchange : AVX) and Cabot Corporation (NYSE: CBT (Computer-Based Training) Using the computer for training and instruction. CBT programs are called "courseware" and provide interactive training sessions for all disciplines. ) announced today the resolution of all outstanding litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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. Cabot's major products are carbon black, fumed silica, inkjet colorants, capacitor materials, and cesium formate formate /for·mate/ (for´mat) a salt of formic acid. for·mate n. A compound, such as a salt or ester of formic acid, that contains the HCOO- radical. drilling fluids. Cabot's website address is: http://www.cabot-corp.com. AVX Corporation, with headquarters in Myrtle Beach, South Carolina Myrtle Beach is a city and in Horry County, South Carolina, United States. It is part of the Grand Strand, a stretch of beaches along the South Carolina coastline, and the combined Myrtle Beach-Conway-North Myrtle Beach MSA. , USA, is a leading international supplier of electronic passive components and interconnect solutions with 24 manufacturing and customer support facilities in 15 countries around the world. AVX offers a broad range of devices including capacitors, resistors, filters, timing and circuit protection devices and connectors. AVX's website address is: http://www.avx.com. |
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