Law Office of Brodsky & Smith, LLC Announces Investigation of Interline Brands, Inc.
02 Giugno 2012 - 6:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Interline Brands, Inc (“Interline” or the “Company”) (NYSE: IBI)
relating to the proposed acquisition by GS Capital Partners (“GS
Capital”).
Under the terms of the transaction, Interline shareholders would
receive only $25.50 in cash for each share of Interline stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Interline for not acting in the Company’s shareholders' best
interests in connection with the sale process to GS Capital.
Interline has reported strong operating results for the first
quarter of the fiscal year of 2012. The Company reported revenue of
$313.6 million, which was above analyst estimates of $311.67. As a
result, the investigation focuses on the decision to agree to this
transaction at $25.50 rather than allow the Interline shareholders
to benefit from the Company’s continued positive results.
If you own shares of Interline stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/432-ibi-interline-brands-inc.html, or by
calling toll free 877-LEGAL-90.
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