U.S. Silica Announces Stockholder Approval of Acquisition by Apollo Funds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2024
0mins
Should l Buy APO?
Source: PRnewswire
- U.S. Silica Merger Approval: U.S. Silica Holdings, Inc. announced that its acquisition by funds managed by Apollo was approved at a special meeting of stockholders, with the closing expected before the end of the current quarter.
- Company Background: U.S. Silica is a global performance materials company specializing in commercial silica for various industries, while Apollo Global Management is an alternative asset manager focusing on investing strategies and retirement services.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy APO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 108.700
Low
136.00
Averages
164.45
High
182.00
Current: 108.700
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Private Equity Firm Acquires Majority Stake in Takkion
- Acquisition Overview: Private equity firm Siris has agreed to acquire a majority stake in Takkion, a service provider in the renewable energy sector, which is projected to generate approximately $600 million in revenue by 2025, with the transaction expected to close in Q2 2026, although financial terms remain undisclosed.
- Rising Market Demand: Amid increasing demand for power from data centers and the electrification of industry and transportation, Siris will collaborate with Takkion's management team to further optimize operations and expand its service capabilities into adjacent renewable sectors.
- Employee and Client Base: Headquartered in Centennial, Colorado, Takkion employs around 2,000 people and serves a customer base that includes leading developers, utilities, and original equipment manufacturers, highlighting its significant role in the renewable energy market.
- Growth Strategy: Siris aims to enhance Takkion's market competitiveness by pursuing both organic and inorganic growth opportunities, positioning the company favorably in the evolving energy landscape.
See More
CrowdStrike and 11 Additional Stocks That Have Increased in Value Daily Since the Start of the Iran War
Market Impact of the Iran War: The onset of the Iran War has led to a significant increase in oil prices, negatively affecting most stocks in the market.
Performance of Crowdstrike: Despite the overall market struggles, the conflict has positively impacted some of the worst-performing stocks of 2026, including Crowdstrike.
See More
Top Asset Managers to Invest in New Corastone Platform Alongside Apollo, Franklin Templeton, and KKR
New Platform Launch: Leading asset managers are set to join a new platform called Corastone, aimed at enhancing investment opportunities for investors.
Key Participants: Notable figures involved in this initiative include Apollo, Franklin Templeton, and KKR, indicating strong industry support for the platform.
See More
Rosen Law Firm Files Class Action Against Apollo Global Management
- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Apollo Global Management securities between May 10, 2021, and February 21, 2026, alleging undisclosed ties between company executives and Jeffrey Epstein, which may have led to investor losses.
- Compensation Structure: Investors may receive compensation without any out-of-pocket costs through a contingency fee arrangement, indicating that Rosen Law Firm aims to minimize financial burdens for investors involved in the lawsuit.
- Legal Representation Strength: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its capability and experience in handling complex litigation cases.
- Details of the Case: The lawsuit claims that false statements and omissions by Apollo's leadership regarding their connections to Epstein harmed the company's reputation, resulting in investor damages when the truth emerged, underscoring the importance of transparency and corporate governance.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Filing Deadline: ClaimsFiler reminds investors that those who purchased Apollo securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, to participate in the securities class action lawsuit, ensuring their rights are protected.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including undisclosed communications with Jeffrey Epstein, which harmed the company's reputation and investor confidence.
- False Statements: The lawsuit claims Apollo's assertion of no business dealings with Epstein was misleading, as executives frequently communicated with him, raising serious doubts about the company's business prospects and operations, potentially leading to investor losses.
- Case Details: The case is Feldman v. Apollo Global Management, Inc., Case No. 26-cv-01692, currently pending in the Southern District of New York, with investors encouraged to visit ClaimsFiler for more information to safeguard their interests.
See More
Rosen Law Firm Files Class Action Against Apollo Global Management
- Class Action Initiation: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Apollo Global securities between May 10, 2021, and February 21, 2026, alleging improper connections between company executives and Jeffrey Epstein that harmed investor interests.
- Compensation Mechanism: Investors participating in the lawsuit may receive compensation without any out-of-pocket costs, demonstrating Rosen Law Firm's commitment to protecting investor rights and aiming to achieve justice through legal channels for affected parties.
- Legal Context: The lawsuit claims that Apollo Global made false or misleading statements during the class period, resulting in investor losses when the truth emerged, highlighting serious issues regarding the company's governance and transparency.
- Firm's Credentials: Rosen Law Firm has previously recovered over $438 million for investors in 2019 alone and has extensive experience in securities class actions, emphasizing the importance of selecting qualified legal counsel for potential plaintiffs.
See More
Private Equity Firm Acquires Majority Stake in Takkion
- Acquisition Overview: Private equity firm Siris has agreed to acquire a majority stake in Takkion, a service provider in the renewable energy sector, which is projected to generate approximately $600 million in revenue by 2025, with the transaction expected to close in Q2 2026, although financial terms remain undisclosed.
- Rising Market Demand: Amid increasing demand for power from data centers and the electrification of industry and transportation, Siris will collaborate with Takkion's management team to further optimize operations and expand its service capabilities into adjacent renewable sectors.
- Employee and Client Base: Headquartered in Centennial, Colorado, Takkion employs around 2,000 people and serves a customer base that includes leading developers, utilities, and original equipment manufacturers, highlighting its significant role in the renewable energy market.
- Growth Strategy: Siris aims to enhance Takkion's market competitiveness by pursuing both organic and inorganic growth opportunities, positioning the company favorably in the evolving energy landscape.
See More
CrowdStrike and 11 Additional Stocks That Have Increased in Value Daily Since the Start of the Iran War
Market Impact of the Iran War: The onset of the Iran War has led to a significant increase in oil prices, negatively affecting most stocks in the market.
Performance of Crowdstrike: Despite the overall market struggles, the conflict has positively impacted some of the worst-performing stocks of 2026, including Crowdstrike.
See More
Top Asset Managers to Invest in New Corastone Platform Alongside Apollo, Franklin Templeton, and KKR
New Platform Launch: Leading asset managers are set to join a new platform called Corastone, aimed at enhancing investment opportunities for investors.
Key Participants: Notable figures involved in this initiative include Apollo, Franklin Templeton, and KKR, indicating strong industry support for the platform.
See More
Rosen Law Firm Files Class Action Against Apollo Global Management
- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Apollo Global Management securities between May 10, 2021, and February 21, 2026, alleging undisclosed ties between company executives and Jeffrey Epstein, which may have led to investor losses.
- Compensation Structure: Investors may receive compensation without any out-of-pocket costs through a contingency fee arrangement, indicating that Rosen Law Firm aims to minimize financial burdens for investors involved in the lawsuit.
- Legal Representation Strength: Rosen Law Firm is recognized for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, showcasing its capability and experience in handling complex litigation cases.
- Details of the Case: The lawsuit claims that false statements and omissions by Apollo's leadership regarding their connections to Epstein harmed the company's reputation, resulting in investor damages when the truth emerged, underscoring the importance of transparency and corporate governance.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Filing Deadline: ClaimsFiler reminds investors that those who purchased Apollo securities between May 10, 2021, and February 21, 2026, must file lead plaintiff applications by May 1, 2026, to participate in the securities class action lawsuit, ensuring their rights are protected.
- Legal Allegations: Apollo and certain executives are accused of failing to disclose material information during the class period, violating federal securities laws, including undisclosed communications with Jeffrey Epstein, which harmed the company's reputation and investor confidence.
- False Statements: The lawsuit claims Apollo's assertion of no business dealings with Epstein was misleading, as executives frequently communicated with him, raising serious doubts about the company's business prospects and operations, potentially leading to investor losses.
- Case Details: The case is Feldman v. Apollo Global Management, Inc., Case No. 26-cv-01692, currently pending in the Southern District of New York, with investors encouraged to visit ClaimsFiler for more information to safeguard their interests.
See More
Rosen Law Firm Files Class Action Against Apollo Global Management
- Class Action Initiation: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Apollo Global securities between May 10, 2021, and February 21, 2026, alleging improper connections between company executives and Jeffrey Epstein that harmed investor interests.
- Compensation Mechanism: Investors participating in the lawsuit may receive compensation without any out-of-pocket costs, demonstrating Rosen Law Firm's commitment to protecting investor rights and aiming to achieve justice through legal channels for affected parties.
- Legal Context: The lawsuit claims that Apollo Global made false or misleading statements during the class period, resulting in investor losses when the truth emerged, highlighting serious issues regarding the company's governance and transparency.
- Firm's Credentials: Rosen Law Firm has previously recovered over $438 million for investors in 2019 alone and has extensive experience in securities class actions, emphasizing the importance of selecting qualified legal counsel for potential plaintiffs.
See More
