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U.S. Silica to Acquire Regional Frac Sand Producer

U.S. Silica Holdings Inc. announced an agreement to acquire a leading regional sand producer for approximately $210 million. The acquisition of the NBR Sand unit of the privately owned New Birmingham Inc. is expected to close in August 2016, subject to certain adjustments at closing. The transaction will be funded using a combination of cash on hand (57 percent) and restricted stock (43 percent).

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Fairmount Santrol Takes a Hit in Second Quarter

Fairmount Santrol announced preliminary financial results for the second quarter of 2016. Second-quarter 2016 revenues are expected to be between $113 million and $115 million, compared with $145.5 million for the first quarter of 2016 and $221.3 million for the same quarter in 2015.

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