Previous close | 111.88 |
Open | 112.51 |
Bid | 112.09 x 1100 |
Ask | 112.12 x 1300 |
Day's range | 111.17 - 112.51 |
52-week range | 57.50 - 117.15 |
Volume | |
Avg. volume | 2,355,366 |
Market cap | 63.731B |
Beta (5Y monthly) | 1.62 |
PE ratio (TTM) | 13.55 |
EPS (TTM) | 8.28 |
Earnings date | 02 May 2024 |
Forward dividend & yield | 1.72 (1.54%) |
Ex-dividend date | 16 Feb 2024 |
1y target est | 123.18 |
Shares of U.S. Silica were rising sharply after the industrial minerals company said it was being acquired by investment firm Apollo Global Management for about $1.85 billion. Under the agreement, Apollo will pay $15.50 a share in cash for U.S. Silica representing an 18.7% premium to the stock’s closing price of $13.06 on Thursday. U.S. Silica stock edged above the takeover price, rising 20% to $15.70.
Apollo Global Management stock is setting up for its next move with earnings on the horizon. Shares gained 20% this year.
U.S. Silica Holdings, Inc. (NYSE: SLCA) (the "Company"), a diversified industrial minerals company and the leading last-mile logistics provider to the oil and gas industry, today announced its first quarter results for the period ended March 31, 2024. As separately announced, U.S. Silica has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (the "Apollo Funds") in an all-cash transaction that values the Company at an e