U.S. Silica’s Acquisition by Apollo Gets Shareholders’ Nod
U.S. Silica Holdings, Inc. (NYSE: SLCA) announced the shareholder approval of its acquisition by funds managed by affiliates of Apollo, a premier investment firm. This all-cash transaction was approved during a special meeting of the company’s stockholders on Jul 16, 2024. The closing of the Merger is subject to the terms and conditions outlined in the agreement, with an expected completion before the end of the current quarter.
At the Special Meeting, approximately 78% of the company’s outstanding shares were voted on, with over 75% approving the merger. The company plans to file the final voting results in a Current Report on Form 8-K with the SEC.
U.S. Silica, in April 2024, announced that its shareholders would receive $15.50 in cash per share of common stock at the time of the deal’s closure. Following the transaction’s completion, the company will go private and be delisted from the New …
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