Current location:International Iterations news portal > business
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
International Iterations news portal2024-04-27 07:32:49【business】2People have gathered around
IntroductionNEW YORK (AP) — U.S. Silica has agreed to go private in an all-cash acquisition by Apollo Global Man
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.”
Address of this article:http://www.videocameralive.com/2021/01/08/
Very good!(1)
Related articles
- Sergei Bobrovsky makes 26 saves, Panthers beat Lightning 5
- Delegates Realize Dreams in Countryside
- Tujia Woman Promotes Ethnic Culture Through Literature, Songs
- Reaping the Rewards of a Lifetime in the Fields
- Biden administration postpones ban on menthol
- Pluck and Moxie! Trailblazer Dedicated to Saving Lives During Emergencies
- GLOBALink
- Chinese Dulcimer Virtuoso Helps World Understand China Through Music
- Joel Embiid has Bell's palsy: What to know about the condition
- Yang Yang Set for Re
Popular articles
Recommended
Mississippi legislative leaders swap proposals on possible Medicaid expansion
Qian Suyun: Safeguarding Children's Health for Decades
Yang Xiaoyu: Boosting Museum's Role in Promoting China's Fine Traditional Culture
Chen Chunyan: 'Liusanjie of New Generation' Sings for New Era
Chicago appeals court rejects R. Kelly 's challenge of 20
Using Fingertips to Create Happiness
10 Outstanding Women Honored as National March 8th Red
Zhang Lan: Helping Miao Women Use Fingertips to Achieve Prosperity
Links
- Teens arrested after petrol station, vape shop burglaries
- School attendance held back by sickness
- NZ could breach European free trade deal if it doesn't meet Paris Agreement obligations
- School attendance plan unambitious, raises health concerns
- Outage hits Apple services, including App Store and Apple TV+
- Watch: PM Christopher Luxon announces building products shake
- RNZ's brand new current affairs show: 30 with Guyon Espiner
- Princess of Wales: Agencies recall first image of Kate since surgery
- Companies 'not interested' in public
- Landlord tax breaks will blow out by $1b