Current location:entertainment >>
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
entertainment33214People 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.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Iterations news portal”。http://www.videocameralive.com/news-38d399649.html
Related articles
Britain's most notorious inmate Charles Bronson puts his parole bid in jeopardy after punch
entertainmentNotorious inmate Charles Bronson has had a prison punch-up with a murderer, jeopardising his parole ...
Read moreGreen shift places remote northeastern Chinese city in spotlight
entertainment(Xinhua) 14:45, March 01, 2024CHANGCHUN, March 1 (Xinhua) -- At a workshop of Jilin Xielian Biotechn ...
Read moreInterview: Popularity of Chinese NEVs soaring in Europe, says BYD's Dutch partner
entertainment(Xinhua) 10:33, March 28, 2024THE HAGUE, March 27 (Xinhua) -- The popularity of Chinese New Energy V ...
Read more
Popular articles
- Liverpool get back on track with 4
- Why Middle East becomes popular holiday choices for Chinese tourists?
- Hengqin starts new customs operation in S China
- Infographic: China
- Marquette athletic director Bill Scholl plans to retire as he ends a decade
- Foreigners' tours in China to be more convenient: minister
Latest articles
Official resigns after guilty plea to drug conspiracy in Mississippi and North Carolina vape shops
China sets 2024 GDP growth target at around 5%, showing confidence in economic recovery
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
China detains 2 over tourist boat capsizing that killed 12, citing lack of safety equipment
Hospital knife rampage leaves more than ten people dead or wounded in China
Xiangjiang New Area of China's Hunan actively cultivates new quality productive forces
LINKS
- Half hotel
- My friend is seeing my husband of 20 years, whom I only separated from weeks ago
- Carlos Alcaraz withdraws from Italian Open with right forearm injury
- Judge in Trump's hush money case clarifies gag order doesn't prevent ex
- Kenya president postpones reopening of schools as flood
- Jill Biden recognizes fellow teachers at White House dinner
- Sophie, Duchess of Edinburgh, attends her late mother
- Cavaliers, Mavericks trying to close out 1st
- Mick Jagger wades into politics, taking verbal jab at Louisiana state governor at performance
- Vanderpump Rules: Scheana Shay encourages Tom Sandoval to 'genuinely apologize' to his ex