US Silica agrees to go private in $1.85 billion acquisition by Apollo Global
Friday, 26 April 2024 () 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. U.S. Silica says that shareholders would receive $15.50 in cash for each share. Once the deal closes, U.S. Silicaβs stock will no longer be listed on the New York Stock Exchange. 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. The transaction is expected to close in the third quarter, subject to regulatory approval and other customary conditions.
Friday, 26 April 2024 ()
