People & Business :: Earnings/Finance
Golden Gate Capital selling more US Silica shares
11:33 AM MDT | June 6, 2013 | Vincent Valk
Private equity firm Golden Gate Capital (GGC; San Francisco), the largest shareholder in US Silica, is selling 10 million shares in the commercial silica maker at $19.60/share in a secondary public offering, the company says. The share sale will take GGC’s stake in US Silica, which went public last year, down to 40.3% from 59.3%. After the sale, the firm will own about 31.4 million shares in the company. US Silica shares, which are traded on the New York Stock Exchange (NYSE), closed at $19.78 on 5 June in higher-than-normal volume. The underwriters, led by...
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