Under the terms of the agreement, U.S. Silica stockholders will receive $15.50 per share in cash for each share of common stock owned as of the closing of the transaction. The per-share purchase price of $15.50 represents an 18.7% premium to U.S. Silica's closing share price of $13.06 on April 25, the last full trading day before to the transaction announcement — and a 33.0% premium to the company's 90-day volume-weighted average share price for the period ended April 25, U.S. Silica said. Upon completion of the transaction, U.S. Silica's common stock will no longer be listed on the New York Stock Exchange, and the company will become a private company. U.S. Silica will retain its name and continue to be led by CEO Bryan Shinn and its current executive team. Charles Shaver, chairman of the U.S. Silica board, said the deal with Apollo will provide the company's stockholders with compelling, certain, cash value for their shares.