SLCA - Breaking News: Is U.S. Silica's $15.50 Per Share Sale Price a Fair Deal? Johnson Fistel LLP Investigates Deal Terms | Benzinga
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 ...