Apollo to Buy Frack-Sand Provider US Silica for $1.21 Billion
Funds managed by affiliates of <-bsp-bb-link state="{"bbHref":"bbg://securities/9990822D%20US%20Equity","_id":"0000018f-1a2c-d583-afbf-dafc60850000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Apollo Global Management Inc.-bsp-bb-link> will buy frack-sand provider <-bsp-bb-link state="{"bbHref":"bbg://securities/SLCA%20US%20Equity/FA","_id":"0000018f-1a2c-d583-afbf-dafc60850001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Silica Holdings Inc.-bsp-bb-link> for $1.21 billion, the latest in a wave of acquisitions in the shale industry.