U.s. silica enters into definitive agreement to be acquired by apollo funds for $1.85 billion

U.s. silica stockholders to receive $15.50 per share in cash katy, texas , april 26, 2024 /prnewswire/ -- u.s. silica holdings, inc. (nyse: slca) (the "company"), a diversified industrial minerals company and a leading last-mile logistics provider to the oil and gas industry, announced today that it has entered into a definitive agreement to be acquired by funds managed by affiliates of apollo (nyse: apo) (the "apollo funds"), one of the world's premier investment firms, in an all-cash transaction that values the company at an enterprise value of approximately $1.85 billion. under the terms of the agreement, u.s. silica stockholders will receive $15.50 per share in cash for each share of common stock owned as of the closing of the transaction.
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