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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
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November 18, 2014
09:56 EDTSLCAOn The Fly: Analyst Initiation Summary
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06:17 EDTSLCAU.S. Silica initiated with a Buy at SunTrust
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November 12, 2014
07:31 EDTSLCABofA/Merrill to hold a conference
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November 11, 2014
06:07 EDTSLCAU.S. Silica management to meet with Stephens
Meeting to be held in New York on November 11 hosted by Stephens.

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