US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
Time:2024-04-27 12:44:56 Source:entertainmentViews(143)
NEW YORK (AP) — U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Management that values the industrial minerals company at about $1.85 billion.
In a Friday announcement, U.S. Silica said that shareholders would receive $15.50 in cash for each share owned as of the deal’s closing. Once the deal closes, U.S. Silica’s stock will no longer be listed on the New York Stock Exchange.
Founded in the late 1800s, U.S. Silica produces commercial silica used in the oil and gas industry and other industrial applications. It operates 26 mines and processing facilities and two additional exploration stage properties. The Kathy, Texas-based company is still set to operate under the U.S. Silica name and brand, and will continue to be led by its current CEO Bryan Shinn. In a prepared statement, Shinn said that partnering with Apollo will give U.S. Silica “significant resources, deep industry expertise and enhanced flexibility as a private company.”
Previous:Heartbreaking moment loyal dog desperately chases its owners' car after it was dumped on road
Next:Trading Trump: Truth Social's first month of trading has sent investors on a ride
You may also like
- Ashley Judd, #MeToo founders react to ruling overturning Harvey Weinstein's conviction
- China launches new relay satellite for Earth
- Inside the lab where volunteers are paid £14,000 to lie upside down for 60 days NON
- New book chronicles ecological civilization along Lijiang River
- Starting QBs return for SEC's top 4 from last season as other teams turn to backups, transfers
- Meet the super
- White House approved more bombs to Israel on day of deadly Israeli attack on aid workers: WAPO
- Canadian gov't announces plan to solve national housing crisis
- Starting QBs return for SEC's top 4 from last season as other teams turn to backups, transfers