Current location:Global Gallery news portal > opinions
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
Global Gallery news portal2024-05-21 20:19:51【opinions】3People 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://mauritania.elfsignes.com/content-50f599415.html
Very good!(87858)
Related articles
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
- It's the first drug shown to slow Alzheimer's. Why is is it off to a slow start?
- Xizang reports robust foreign trade growth in Jan
- I'm a career expert
- French sports minister calls for sanctions after Monaco player tapes over anti
- China's central bank adds liquidity via reverse repos
- Chinese carriers allowed to operate more flights to US
- Demand recovery to be priority
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- China ready to unleash growth potential
Popular articles
Recommended
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
China has 3,617 listed manufacturing companies by January
Sydney mall stabbing: Police identify the attacker who killed 6 people
The astonishing effect of stem cell implants
'The Apprentice,' about a young Donald Trump, premieres in Cannes
New Zealand's dairy giant looks to expand business in China
China detains 2 over tourist boat capsizing that killed 12, citing lack of safety equipment
China’s two sessions gather strength for high
Links
- Free child care from higher taxes? These cities subsidize daycare
- I'm a psychologist
- Haiti prime minister: transitional council names new leader
- EDEN CONFIDENTIAL: Prince Harry's army friend JJ Chalmers urges Kate to talk about cancer
- Finnish hacker imprisoned for accessing thousands of psychotherapy records and demanding ransoms
- Iran commutes a tycoon's death sentence to 20 years in prison
- Benjamin Mendy has bankruptcy case dismissed: Ex
- Ahead of the Paris Olympics, police clear a migrant camp near City Hall
- DAILY MAIL COMMENT: A very good day for our united kingdom
- Women can stand the cold BETTER than men, surprising study finds