SAN DIEGO, April 26, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of U.S. Silica Holdings, Inc. (NYSE: SLCA) ("U.S. Silica ") concerning potential breaches of fiduciary duties related to the proposed sale of the Company to funds managed by affiliates of Apollo (NYSE:APO).

On April 26, 2024, U.S. Silica informed the public that it has agreed to a deal with Apollo, in which stockholders will receive $15.50 per share in an all-cash offer. Upon completion of the deal, U.S. Silica will be a private Company.

Johnson Fistel’s investigation focuses on whether U.S. Silica’s board failed to satisfy its duties to the Company's stockholders, including whether the board sufficiently pursued alternatives to the acquisition, and whether the board secured the best possible price for U.S. Silica’s shares. This is particularly pertinent given analyst projections for earnings and revenue growth.

Stockholders of U.S. Silica are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. You can click or copy and paste the following link to join this investigation:

https://www.cognitoforms.com/JohnsonFistel/USSilicaHoldingsInc

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