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Covia to Commence Trading Following Combination of Unimin and Fairmount Santrol

FAIRMONT SANTROL HOLDINGS INC (FMSA)  More Company Research Source: GlobeNewswire
Last fairmont santrol holdings inc earnings: 5/3 06:00 am Check Earnings Report
PDF CHESTERLAND, Ohio, June 01, 2018 (GLOBE NEWSWIRE) -- Covia Holdings Corporation (NYSE:CVIA) (“Covia”) announced today the completion of the previously announced strategic combination between Unimin Corporation (“Unimin”) and Fairmount Santrol. Covia will commence trading today on the New York Stock Exchange (“NYSE”) under the ticker symbol “CVIA”. In connection with the completion of the transaction, Fairmount Santrol common stock ceased trading prior to the market opening today and will be delisted from the NYSE. Under the terms of the merger agreement, for each share of Fairmount Santrol, stockholders will receive approximately $0.73 in cash consideration and 0.2 shares of Covia common stock. Any remaining Fairmount Santrol shares that cannot be converted into a whole Covia share will be redeemed for cash. Stockholders should expect to receive all cash consideration no later than June 8, 2018. As of June 1, 2018, Covia has 132.5 million fully diluted shares outstanding. Approxima [Read more]

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