U.S. Silica Announces Stockholder Approval of Acquisition by Apollo Funds

Company Overview - U.S. Silica Holdings, Inc. is a global performance materials company and a member of the Russell 2000, specializing in the production of commercial silica for the oil and gas industry and various industrial applications [2] - The company has a 124-year history and has developed core competencies in mining, processing, logistics, and materials science, enabling it to deliver over 800 diversified products [2] - U.S. Silica operates 26 mines and processing facilities across the United States and is headquartered in Katy, Texas [8] Merger Announcement - U.S. Silica announced that its agreement to be acquired by funds managed by affiliates of Apollo in an all-cash transaction was approved by over 75% of the company's outstanding shares at a special meeting on July 16, 2024 [1][7] - The closing of the merger is expected to occur before the end of the current quarter, subject to the terms and conditions of the agreement [1] Apollo Global Management - Apollo Global Management is a high-growth, global alternative asset manager with approximately $651 billion in assets under management as of December 31, 2023 [3] - The firm focuses on providing clients with excess returns across various investment strategies, including yield, hybrid, and equity [3]