Chip equipment maker Cabot Microelectronics (CCMP +17.7%) skyrockets after announcing it plans...


Chip equipment maker Cabot Microelectronics (CCMP +17.7%) skyrockets after announcing it plans to pay a $15/share special dividend in Q1. In a move that would likely make Whitney Tilson smile, the company says half of the dividend's cost will be paid for by issuing debt. Cabot also says it's boosting the size of its stock buyback program to $150M, from a prior level of $83M.

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