[ad_1]
KATY, Texas, July 16, 2024 /PRNewswire/ — U.S. Silica Holdings, Inc. (NYSE: SLCA) (the “Company”), a diverse commercial minerals corporate and a well-known last-mile logistics supplier to the oil and fuel business, introduced these days that its up to now introduced assurance to be obtained via price range controlled via associates of Apollo (NYSE: APO) (“Apollo“), one of the vital global’s premier funding companies, in an all-cash transaction (the “Merger”), used to be licensed at a distinct assembly of the Corporate’s stockholders (the “Special Meeting”) on July 16, 2024. The ultimate of the Merger left-overs matter to the phrases and statuses of the assurance. Matter to such phrases and statuses, the Corporate expects that ultimate of the Merger will happen prior to the top of the wave quarter.
Roughly 78% of the Corporate’s remarkable stocks had been voted on the Particular Assembly, and the Merger used to be licensed via over 75% of the Corporate’s remarkable stocks. The Corporate might be submitting the general balloting leads to a Wave Document on Mode 8-Okay with the U.S. Securities and Trade Fee (the “SEC”).
About U.S. Silica
U.S. Silica Holdings, Inc. is an international efficiency fabrics corporate and is a member of the Russell 2000. The Corporate is a well-known manufacturer of business silica impaired within the oil and fuel business and in a large space of commercial packages. Over its 124-year historical past, the Corporate has advanced core competencies in mining, processing, logistics and fabrics science that allow it to manufacture and cost-effectively ship over 800 diverse merchandise to shoppers throughout our finish markets.
The Corporate’s wholly-owned subsidiaries come with EP Minerals and SandBox Logistics™. EP Minerals is an business chief within the manufacturing of goods derived from diatomaceous earth, perlite, engineered clays, and non-activated clays. SandBox Logistics™ is a cutting-edge chief in proppant vault, dealing with and well-site supply, devoted to creating proppant logistics cleaner, more secure and extra environment friendly. The Corporate has 26 working mines and processing amenities and two backup exploration level homes throughout the US and is headquartered in Katy, Texas.
About Apollo
Apollo International Control, Inc. is a high-growth, international spare asset supervisor. In our asset control trade, we search to grant our shoppers plethora go back at each and every level alongside the risk-reward spectrum from funding grade to personal fairness with a focal point on 3 making an investment methods: yielding, hybrid, and fairness. For greater than 3 many years, our making an investment experience throughout our absolutely built-in platform has served the monetary go back wishes of our shoppers and supplied companies with leading edge capital answers for progress. Thru Athene, our resignation services and products trade, we focus on serving to shoppers succeed in monetary safety via offering a collection of resignation financial savings merchandise and appearing as a answers supplier to establishments. Our affected person, ingenious, and an expert technique to making an investment aligns our shoppers, companies we put money into, our staff, and the communities we affect, to extend alternative and succeed in sure results. As of December 31, 2023, Apollo had roughly $651 billion of property beneath control. To be told extra, please consult with www.apollo.com.
Ahead-Taking a look Statements
This conversation accommodates forward-looking statements. Those forward-looking statements typically will also be known via words equivalent to “anticipate,” “believe,” “expect,” “estimate,” “plan”, “outlook” and “project” or alternative phrases or words of related import. Those statements are in line with wave expectancies, estimates and projections concerning the business, markets by which the Corporate operates, control’s ideals, guesses made via control and the transactions described on this conversation. Generation the Corporate’s control believes the guesses underlying the forward-looking statements and knowledge contained herein are affordable, such data is essentially matter to uncertainties and might contain positive dangers, lots of which might be tricky to expect and are past control’s regulate. Those dangers come with, however don’t seem to be restricted to: (1) the prevalence of any match, trade or alternative instances that would give stand to the termination of the Word of honour and Plan of Merger, dated as of April 26, 2024, via and a number of the Corporate, Celebrity Maintaining LLC and Celebrity Merger Co. (the “Merger Agreement”); (2) the character, charge and end result of any litigation and alternative prison lawsuits, together with one of these lawsuits similar to the proposed Merger that can be instituted in opposition to the events to the Merger Word of honour or others; (3) the shortcoming to consummate the proposed Merger throughout the expected month length, or in any respect, because of any reason why, together with the failure to fulfill the statuses to the of completion of the proposed Merger; (4) dangers that the proposed Merger disrupts wave plans and operations of the Corporate or diverts control’s consideration from its ongoing trade; (5) the facility to acknowledge the predicted advantages of the proposed Merger; (6) the volume of the prices, charges, bills and costs similar to the proposed Merger; (7) the danger that the Merger Word of honour could also be terminated beneath instances requiring the Corporate to pay a termination price; (8) the impact of the announcement of the proposed Merger at the skill of the Corporate to keep and rent key workforce and conserve relationships with its shoppers, providers and others with whom it does trade; (9) the impact of the announcement of the proposed Merger at the Corporate’s working effects and trade typically; (10) the danger that the Corporate’s secure worth might abate considerably if the proposed Merger isn’t consummated; and (11) the alternative dangers and impressive elements contained and known within the Corporate’s filings with the SEC, such because the definitive proxy remark on Agenda 14A filed via the Corporate on June 11, 2024 in reference to the Particular Assembly, as supplemented on July 8, 2024, and the Corporate’s Annual Document on Mode 10-Okay for the fiscal 12 months ended December 31, 2023, in addition to the Corporate’s next Quarterly Reviews on Mode 10-Q or Wave Reviews on Mode 8-Okay filed from month to month, any of which might purpose latest effects to vary materially from the forward-looking statements on this conversation.
There will also be disagree pledge that the proposed Merger will in reality be consummated. We warning buyers to not unduly depend on any forward-looking statements. The forward-looking statements discuss handiest as of the year of this conversation. The Corporate undertakes disagree legal responsibility or accountability to replace or revise any of those forward-looking statements later the year of this conversation, nor to adapt prior statements to latest effects or revised expectancies, and the Corporate does now not intend to take action.
U.S. Silica Touch
Ida Ashley
Vice President, Human Assets
[email protected]
Tracey Timpanaro
Company Communications Specialist
[email protected]
Apollo Touch
Noah Gunn
International Head of Investor Family members
(212) 822-0540
[email protected]
Joanna Rose
International Head of Company Communications
(212) 822-0491
[email protected]
SOURCE U.S. Silica Holdings, Inc.
[ad_2]
Source link
