Who owns fairmount minerals

The companies believe that the strong and diversified cash flow resulting from the combination will allow the combined company to pay down debt expeditiously. Concurrent with closing, the combined company intends to list its shares on the New York Stock Exchange, while Fairmount will be delisted from the New York Stock Exchange.

Sibelco has the right to nominate the independent Chairman of the combined company. The executive leadership team will include a combination of existing leaders from both Unimin and Fairmount, with the combined company leaning on the significant strengths of the quality workforce across both companies. Unimin and Fairmount have highly recognizable and well respected names, and the name of the combined company will be determined before the closing of the transaction.

The transaction is expected to close in mid, subject to the approval of Fairmount shareholders, the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Fairmount and Unimin will host a joint conference call to discuss the planned merger today, December 12, , at am Eastern Time. The call will be webcast live at investors. To access the live webcast, please log in 15 minutes prior to the start of the call to download and install any necessary audio software.

Alternatively, callers may dial within the United States or from outside the U. A webcast replay of the call will be available approximately 24 hours following the call at investors. Fairmount Santrol is a leading provider of high-performance sand and sand-based product solutions used by oil and gas exploration and production companies to enhance the productivity of their wells.

The Company also provides high-quality products, strong technical leadership and applications knowledge to end users in the foundry, building products, water filtration, glass, and sports and recreation markets.

Its expansive logistics capabilities include a wide-ranging network of distribution terminals and railcars that allow the Company to effectively serve customers wherever they operate.

Do Well. Unimin is an application-focused minerals company providing materials solutions to its customers drawing from a diversified product portfolio and the worldwide production capabilities of Sibelco, our privately held parent organization. According to the order, Fairmount made the materially false and misleading statements in connection with securities offerings in and , in periodic and current reports filed with the SEC, in presentations to investors and research analysts, and on the company's website.

Fairmount and Covia filed chapter 11 bankruptcy cases in June Fairmount and Covia agreed, without admitting or denying the SEC's findings, to cease and desist from violating Sections 17 a 2 and 17 a 3 of the Securities Act and Section 13 a of the Exchange Act and Rules 12b, 13a-1, 13a and 13a thereunder. The sources asked not to be identified because the discussions are private. American Securities and Wells Fargo declined to comment, while representatives of Barclays and Morgan Stanley did not immediately respond to requests for comment.

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