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Belgian mining firm SCR-Sibelco NV is considering an acquisition of Fairmount Santrol Holdings Inc. (FMSA) after the U.S. frack sand miner lost more than half its market value this year, according to people familiar with the matter.
Update(s):
December 12, 2017: Fairmount Santrol (FMSA) and Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV (“Sibelco”), today announced that the Boards of Directors of both companies have approved a definitive agreement under which Fairmount and Unimin will combine in a tax-free, cash and stock transaction.