ProFrac Holding Seeks Strategic Options To Maximize And Realize Full Value Of Its Proppant Production Segment, Which Operates Through Its Wholly-Owned Alpine Silica Subsidiary
Portfolio Pulse from Benzinga Newsdesk
ProFrac Holding is exploring strategic options for its proppant production segment, Alpine Silica, including a public offering, sale, merger, or recapitalization. Entities affiliated with its largest shareholders, the Wilks Family, have invested $50 million in perpetual convertible preferred equity securities issued by the company.
October 02, 2023 | 11:06 am
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ProFrac Holding, a potential competitor or partner, is exploring strategic options for its subsidiary, Alpine Silica. This could impact ACDC's market position.
The strategic review of Alpine Silica by ProFrac Holding could lead to changes in the competitive landscape, potentially affecting ACDC. However, without specific details, the impact is uncertain.
CONFIDENCE 70
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RELEVANCE 50