Current location:Cosmic Chronicle news portal > world
US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
Cosmic Chronicle news portal2024-05-08 21:20:00【world】0People 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://qomyqacaxyzutume.allesfuersjagen.com/article-72f799171.html
Very good!(65146)
Related articles
- 3 Indian nationals charged with killing Canadian Sikh separatist leader make first court appearance
- With homelessness on the rise, Supreme Court to weigh bans on sleeping outdoors
- Lauren Sanchez 'begged Kellyanne Conway for help with her public image when they met at a party'
- Polish voters choose mayors in hundreds of cities in runoff election
- Stars quickly go from tight series over reigning Cup champ to big
- Ship which defied Nazi U
- Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
- How Phish is using the Las Vegas Sphere's technology
- Over 2,500 large
- Lou Groza Award winner Graham Nicholson transferring to Alabama
Popular articles
Recommended
Rebel Wilson makes heartbreaking admission about her difficult childhood with late father
Prosecutors to make history with opening statements in hush money case against Trump
Iran's supreme leader acknowledges it hit little in Israel attack
China's Dongfeng NEV brand Voyah makes debut in Italy
Biden condemns antisemitism in Holocaust remembrance speech
Hands, Face, Prays! Football
Spain's Ebro
Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
Links
- Anya Taylor
- Ohio man fatally shot Uber driver after scammers targeted both of them, authorities say
- Stephen Mulhern's forgotten romance with EastEnders star after they met in Panto
- Nelly Furtado wears NO underwear in racy lace
- Artworks shine at the international consumer products expo
- U.S. 'world leadership' in the red
- A London court rules against a Muslim girl who wanted to pray at a school known for strict rules
- Asian CL semifinal postponed in United Arab Emirates after flooding caused by heavy rain
- Hamas announces first death of Israeli hostage due to 'medicine and food shortages'
- Asian CL semifinal postponed in United Arab Emirates after flooding caused by heavy rain