New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 16, 2014
17:09 EDTSLCAU.S. Silica to acquire Cadre Services for $98M cash
U.S. Silica Holdings announced that it has signed a stock purchase agreement to acquire all of the outstanding shares of Cadre Services for approximately $98M in cash. Closing is expected by the end of the month. The purchase price of $98M, less the net present value of approximately $14M in deferred tax assets, results in $84M of net consideration. Adjusted LTM EBITDA of $11.1M represents a purchase price multiple of 7.6 times. Projected 2015 Adjusted EBITDA of approximately $18M after synergies and the benefit of a full year of sales from the March capacity expansion represents a purchase price multiple of 4.7 times. This would result in Adjusted EPS accretion of 11c-13c per share in 2015.
News For SLCA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2014
09:32 EDTSLCAU.S. Silica initiated with a Buy at Miller Tabak
Subscribe for More Information
September 18, 2014
18:46 EDTSLCAU.S. Silica sees demand for sand tripling over the next five years, Reuters says
Subscribe for More Information
September 17, 2014
10:00 EDTSLCAOn The Fly: Analyst Initiation Summary
Subscribe for More Information
September 16, 2014
16:28 EDTSLCAU.S. Silica initiated with a Buy at KeyBanc
Subscribe for More Information
08:11 EDTSLCAU.S. Silica estimates raised on growth visibility at Morgan Stanley
Morgan Stanley raised U.S. Silica estimates following the company update on its long-term growth plan. The analyst believes the project pipeline increases growth visibility and its logistical and operational scale will drive upside. Shares are Overweight rated with an $85 price target, up from $80.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use