Previous close | 34.80 |
Open | 34.80 |
Bid | 41.00 |
Ask | 42.20 |
Strike | 52.50 |
Expiry date | 2025-01-17 |
Day's range | 34.80 - 34.80 |
Contract range | N/A |
Volume | |
Open interest | 1.13k |
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