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.
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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: 110.250
Low
136.00
Averages
164.45
High
182.00
Current: 110.250
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.
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- Athene Investment Returns: Apollo estimates that Athene's annualized return on investments in a pooled investment vehicle is around 7%, suggesting strong performance for the majority of its alternative investment portfolio, although this is a decline from the 10% return reported in Q4 2025.
- Other Investment Returns: The annualized return on Athene's other alternative investments, including retirement services platforms, stands at 3%, highlighting the need for a diversified investment strategy to mitigate challenges posed by market volatility.
- Market Reaction: Apollo's shares fell by 5.22% to $104.50 in pre-market trading on Thursday, reflecting investor concerns over the Q1 income estimate, which could impact future capital inflows and market confidence.
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- Investor Losses: The lawsuit claims Apollo's leadership misled the public by asserting that the firm “never did any business” with Epstein, a narrative that began to unravel in early 2026, leading to significant losses for investors and urging affected parties to apply as Lead Plaintiff by May 1, 2026.
- Investigation Developments: Reed Kathrein, a partner at Hagens Berman, noted that recent investigative reports suggest a deeper professional entanglement involving current CEO Marc Rowan, exacerbating the trust crisis surrounding Apollo.
- Whistleblower Program: The lawsuit encourages individuals with non-public information to utilize the SEC Whistleblower program, where providing original information may yield rewards of up to 30% of any successful recovery, highlighting the importance of transparency and corporate accountability.
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- False Statement Allegations: The complaint claims that Apollo's executives frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's assertions of no business ties with Epstein, thereby damaging its reputation significantly.
- Investor Losses: As the true details emerged, investors reportedly suffered losses, and the lawsuit urges affected investors to apply by May 1, 2026, to be appointed as lead plaintiffs to participate in any recovery.
- Law Firm's Strength: Bronstein, Gewirtz & Grossman operates on a contingency fee basis, representing investors in securities fraud class actions and has successfully recovered hundreds of millions for investors nationwide, showcasing its expertise and track record in this field.
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- False Statement Allegations: The complaint alleges that Apollo made false and misleading statements throughout the class period, claiming no business dealings with Jeffrey Epstein, despite regular contact between the company's leadership and Epstein, which could severely harm its reputation.
- Investor Losses: Following the revelation of Apollo's true connections, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to reach out before May 1, 2026, to participate in the lawsuit and seek recovery.
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- Lawsuit Context: This investigation arises from a federal securities class action filed against Apollo, indicating potential legal liabilities that could impact the company's market reputation and shareholder confidence.
- Contact Information Provided: Faruq & Faruqi has made direct contact numbers available, ensuring investors can obtain timely legal advice and support, further enhancing their commitment to investor service.
See More
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- Investment Income Estimate: Apollo Global Management estimates its Q1 pre-tax alternative net investment income at approximately $205 million, translating to an annualized return of about 6%, indicating stable performance in alternative investments but falling short of market expectations.
- Athene Investment Returns: Apollo estimates that Athene's annualized return on investments in a pooled investment vehicle is around 7%, suggesting strong performance for the majority of its alternative investment portfolio, although this is a decline from the 10% return reported in Q4 2025.
- Other Investment Returns: The annualized return on Athene's other alternative investments, including retirement services platforms, stands at 3%, highlighting the need for a diversified investment strategy to mitigate challenges posed by market volatility.
- Market Reaction: Apollo's shares fell by 5.22% to $104.50 in pre-market trading on Thursday, reflecting investor concerns over the Q1 income estimate, which could impact future capital inflows and market confidence.
See More
Apollo Global Management Faces Securities Class Action Lawsuit
- Lawsuit Background: Hagens Berman has filed a securities class action against Apollo Global Management (NYSE:APO), representing investors who purchased securities between May 10, 2021, and February 21, 2026, alleging that executives made materially false statements regarding ties to Jeffrey Epstein.
- Investor Losses: The lawsuit claims Apollo's leadership misled the public by asserting that the firm “never did any business” with Epstein, a narrative that began to unravel in early 2026, leading to significant losses for investors and urging affected parties to apply as Lead Plaintiff by May 1, 2026.
- Investigation Developments: Reed Kathrein, a partner at Hagens Berman, noted that recent investigative reports suggest a deeper professional entanglement involving current CEO Marc Rowan, exacerbating the trust crisis surrounding Apollo.
- Whistleblower Program: The lawsuit encourages individuals with non-public information to utilize the SEC Whistleblower program, where providing original information may yield rewards of up to 30% of any successful recovery, highlighting the importance of transparency and corporate accountability.
See More
Apollo Global Management Faces Class Action Lawsuit
- Lawsuit Background: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit against Apollo Global Management and certain executives, alleging violations of federal securities laws from May 10, 2021, to February 21, 2026, seeking damages for investors.
- False Statement Allegations: The complaint claims that Apollo's executives frequently communicated with Jeffrey Epstein in the 2010s, contradicting the company's assertions of no business ties with Epstein, thereby damaging its reputation significantly.
- Investor Losses: As the true details emerged, investors reportedly suffered losses, and the lawsuit urges affected investors to apply by May 1, 2026, to be appointed as lead plaintiffs to participate in any recovery.
- Law Firm's Strength: Bronstein, Gewirtz & Grossman operates on a contingency fee basis, representing investors in securities fraud class actions and has successfully recovered hundreds of millions for investors nationwide, showcasing its expertise and track record in this field.
See More
Class Action Lawsuit Reminder Against Apollo Global Management, Inc.
- Lawsuit Background: The Schall Law Firm reminds investors of a class action lawsuit against Apollo Global Management, Inc. (NYSE:APO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934, covering the period from May 10, 2021, to February 21, 2026.
- False Statement Allegations: The complaint alleges that Apollo made false and misleading statements throughout the class period, claiming no business dealings with Jeffrey Epstein, despite regular contact between the company's leadership and Epstein, which could severely harm its reputation.
- Investor Losses: Following the revelation of Apollo's true connections, investors suffered damages, prompting the Schall Law Firm to encourage affected investors to reach out before May 1, 2026, to participate in the lawsuit and seek recovery.
- Legal Status: The class action has not yet been certified, meaning investors are not represented by an attorney until certification occurs, and those who choose not to act will remain absent class members.
See More
Blue Owl Capital Shares Drop Amid Redemption Limits Announcement
- Redemption Limit Announcement: Blue Owl Credit Income Corp. informed shareholders that redemptions in its private credit and technology-focused funds will be capped at 5%, following withdrawal requests totaling 21.9% and 40.7%, respectively.
- Stock Price Reaction: Shares of Blue Owl Capital fell 7%, or 59 cents, to $8.13 in morning trading, indicating a negative market response and concerns over liquidity risks associated with the redemption limits.
- Industry Impact: Other alternative asset management stocks, including Ares Management, KKR, Apollo Global, and Blackstone, also experienced declines, reflecting a broader loss of confidence in the sector following Blue Owl's announcement.
- Market Sentiment: This situation has raised investor concerns regarding the liquidity status of Blue Owl Capital and its funds, potentially leading to a decrease in investor trust and adversely affecting its market performance.
See More
Faruqi & Faruqi Encourages Apollo Investors to Reach Out
- Legal Action Reminder: Faruq & Faruqi, LLP is investigating potential claims against Apollo Global Management, specifically for investors who purchased or acquired securities between May 10, 2021, and February 21, 2026, urging them to seek lead plaintiff status by the May 1, 2026 deadline.
- Investor Rights Protection: Securities Litigation Partner Josh Wilson encourages affected investors to reach out directly to discuss their legal rights, demonstrating a commitment to safeguarding investor interests.
- Lawsuit Context: This investigation arises from a federal securities class action filed against Apollo, indicating potential legal liabilities that could impact the company's market reputation and shareholder confidence.
- Contact Information Provided: Faruq & Faruqi has made direct contact numbers available, ensuring investors can obtain timely legal advice and support, further enhancing their commitment to investor service.
See More
