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Fairmount Santrol Holdings Inc (FMSA.N)

FMSA.N on New York Stock Exchange

5.97USD
23 May 2018
Change (% chg)

$-0.14 (-2.29%)
Prev Close
$6.11
Open
$6.04
Day's High
$6.09
Day's Low
$5.62
Volume
437,949
Avg. Vol
400,289
52-wk High
$6.39
52-wk Low
$2.46

Latest Key Developments (Source: Significant Developments)

Fairmount Santrol Says An Alleged Stockholder Of Co Filed Putative Class Action Against Co & Its Directors
Wednesday, 9 May 2018 

May 8 (Reuters) - Fairmount Santrol Holdings Inc ::FAIRMOUNT SANTROL HOLDINGS SAYS ON MAY 4, AN ALLEGED STOCKHOLDER OF CO FILED PUTATIVE CLASS ACTION AGAINST CO & ITS DIRECTORS - SEC FILING.FAIRMOUNT SANTROL HOLDINGS - LAWSUIT ALLEGES THAT CO & ITS DIRECTORS ISSUED ALLEGEDLY MISLEADING DISCLOSURES IN CONNECTION WITH MERGER WITH UNIMIN CORP.  Full Article

Unimin And Fairmount Santrol Announce Combined Company Executive Leadership Team To Serve Upon Completion Of Merger
Friday, 30 Mar 2018 

March 29 (Reuters) - Fairmount Santrol Holdings Inc ::UNIMIN AND FAIRMOUNT SANTROL ANNOUNCE COMBINED COMPANY EXECUTIVE LEADERSHIP TEAM TO SERVE UPON COMPLETION OF MERGER.FAIRMOUNT SANTROL HOLDINGS INC - ANDREW EICH WILL SERVE AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF COMBINED COMPANY.  Full Article

Fairmount Santrol, Unimin To Merge
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Fairmount Santrol Holdings Inc ::PRESS RELEASE - FAIRMOUNT SANTROL AND UNIMIN TO MERGE, CREATING A LEADER IN PROPPANT AND INDUSTRIAL MATERIALS SOLUTIONS.SAYS DEAL FOR APPROXIMATELY $0.74 PER SHARE.SAYS CURRENT FAIRMOUNT SHAREHOLDERS TO RECEIVE $170 MILLION IN CASH AND 35% OWNERSHIP IN COMBINED COMPANY.SAYS DEAL PROVIDES SUBSTANTIAL EARNINGS ACCRETION FROM $150 MILLION IN TARGETED ANNUAL SYNERGIES, WITH 50% ACHIEVABLE IN FIRST YEAR AFTER CLOSE.SAYS COMBINED CO EXPECTED TO HAVE 45 MILLION TONS OF ANNUAL SAND, MINERAL PROCESSING CAPACITY AND 3.0 MILLION TONS OF ANNUAL COATING CAPACITY.SAYS BOARDS OF BOTH COS APPROVED AGREEMENT UNDER WHICH FAIRMOUNT, UNIMIN TO COMBINE IN TAX-FREE, CASH AND STOCK DEAL.SAYS SIBELCO WILL MAINTAIN OWNERSHIP OF UNIMIN'S HIGH-PURITY QUARTZ BUSINESS, WHICH MAINLY SERVES ELECTRONICS MANUFACTURERS IN ASIA.SAYS UNIMIN SECURED FULLY COMMITTED FINANCING TO REFINANCE BOTH COS' OUTSTANDING DEBT OBLIGATIONS, SOME DEAL EXPENSES.SAYS CONCURRENT WITH CLOSING OF DEAL, COMBINED CO INTENDS TO LIST ITS SHARES ON NEW YORK STOCK EXCHANGE.SAYS UPON CLOSING, COMBINED CO'S BOARD OF DIRECTORS IS EXPECTED TO COMPRISE 11 MEMBERS, SIX OF WHOM WILL BE RECOMMENDED BY SIBELCO.SAYS JENNIFFER DECKARD, CURRENT CHIEF EXECUTIVE OFFICER OF FAIRMOUNT SANTROL, IS EXPECTED TO SERVE AS CEO OF COMBINED CO.SAYS SIBELCO HAS RIGHT TO NOMINATE INDEPENDENT CHAIRMAN OF COMBINED COMPANY.  Full Article

Fairmount Santrol Holdings Q3 earnings per share $0.15
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Fairmount Santrol Holdings Inc :Fairmount Santrol announces third-quarter 2017 results.Q3 earnings per share $0.15.Q3 revenue $280.1 million versus I/B/E/S view $263.7 million.Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Fairmount Santrol Holdings Inc qtrly ‍volumes of 3.4 million tons up 5% sequentially​.Fairmount Santrol Holdings Inc - ‍total co volumes sold were 3.4 million tons for quarter, up 5% from 3.3 million tons sold in Q2 of 2017​.  Full Article

FAIRMOUNT SANTROL COMPLETES DEBT REFINANCING WITH NEW $700 MLN LOAN FACILITY
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Fairmount Santrol Holdings Inc ::FAIRMOUNT SANTROL COMPLETES DEBT REFINANCING WITH A NEW $700 MILLION, 5-YEAR TERM LOAN FACILITY AND SECURES A NEW $125 MILLION, 5-YEAR REVOLVING CREDIT FACILITY.‍EXPECTS TO INCUR APPROXIMATELY $8 MILLION FOR CASH FEES AND OTHER COSTS ASSOCIATED WITH REFINANCING IN Q4 2017​.EXPECTS TO BOOK NON-CASH WRITE-OFF OF DEFERRED FINANCING FEES ASSOCIATED WITH PRIOR TERM LOANS & REVOLVING CREDIT FACILITY IN Q4 ​.ENTERED AGREEMENT FOR NEW TERM LOAN B, CREDIT FACILITY TO REFINANCE MAJORITY OF EXISTING TERM B-2 LOANS,EXTENDED TERM B-1 LOANS​.  Full Article

Fairmount Santrol Q2 loss per share $0.54
Thursday, 4 Aug 2016 

Fairmount Santrol Holdings Inc : Announces second-quarter 2016 results . Q2 revenue $114.2 million versus I/B/E/S view $129.3 million . Q2 loss per share $0.54 . Q2 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S . Due to ongoing uncertainty in oil and gas markets, company is continuing to suspend its earnings guidance . Company is continuing to suspend its earnings guidance .Says expects full-year 2016 capital expenditures, including stripping costs, will approximate $30 million.  Full Article

Fairmount Santrol prices public offering of common stock
Thursday, 21 Jul 2016 

Fairmount Santrol Holdings : Pricing of its underwritten public offering of 25 million shares of common stock for total gross proceeds of $148.75 million .Fairmount santrol prices public offering of common stock.  Full Article

Fairmount Santrol announces offering of common stock
Thursday, 21 Jul 2016 

Fairmount Santrol Holdings Inc : Fairmount Santrol announces proposed offering of common stock .Says commenced an underwritten public offering of 25 million shares of Fairmount Santrol common stock.  Full Article

Fairmount Santrol sees Q2 loss per share $0.56 to $0.58
Friday, 15 Jul 2016 

Fairmount Santrol Announces Preliminary Second : Quarter 2016 results . Sees q2 2016 loss per share $0.56 to $0.58 . Sees q2 2016 revenue $113 million to $115 million .Overall volumes sold are expected to be between 1.9 million and 2.0 million tons for q2.  Full Article

Fairmount Santrol Holdings files for mixed shelf of up to $500 mln
Friday, 1 Jul 2016 

Fairmount Santrol Holdings Inc :Files for mixed shelf of upto $500 million - SEC filing.  Full Article

BRIEF-Fairmount Santrol Says An Alleged Stockholder Of Co Filed Putative Class Action Against Co & Its Directors

* FAIRMOUNT SANTROL HOLDINGS SAYS ON MAY 4, AN ALLEGED STOCKHOLDER OF CO FILED PUTATIVE CLASS ACTION AGAINST CO & ITS DIRECTORS - SEC FILING