Current location:International Impact news portal > politics
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
International Impact news portal2024-05-21 20:12:18【politics】6People 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://suriname.arandomquote.com/news-94d998927.html
Very good!(1779)
Related articles
- Georgia Republicans choose Amy Kremer, organizer of pro
- I'm a gardening expert
- Queen Camilla, Princess Anne and Sarah Ferguson all don traditional spring shade
- Florida lawmakers pass bill to ban social media for children under 16
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Princess Charlene of Monaco debuts soft new look with feathery, face
- Robin Goodfellow's racing tips: Best bets for Friday, April 12
- I lost everything I owned in a storage unit fire where I stored my possessions after a break
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- Government rejects Westport's plea for flood protection funding
Popular articles
Recommended
Bella Hadid goes braless in a thigh
‘An immortal of our incredible game’
Masterful meals: Roast pheasant with a chestnut and cider cream sauce
Watch: Nicola Willis reveals economy has slipped further this year
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
Prince William's supporters reveal what he's really like behind the scenes
‘An immortal of our incredible game’
'He's almost like a LEAGUE TWO player': Roy Keane slams Erling Haaland for his display in City's 0
Links
- 11 killed in suspected IS attack in Syrian desert region: war monitor
- Chinese military spokesperson answers media questions during annual legislative session
- Crosby scores 42nd goal, Penguins keep playoff hopes alive with 4
- Two Moscow concert hall attackers enter Türkiye briefly
- 11 killed in suspected IS attack in Syrian desert region: war monitor
- Jazz singer set to invoke the sound of the steppes
- Palestinian death toll in Gaza rises to 32,845: ministry
- Chinese vice president meets Cambodian King, Queen Mother
- Israel accused of deadly strike on Iranian consulate in Syria
- GENERAL JACOB NAGEL: Why Israel's failure to strike back at Iran could lead to NUCLEAR WAR