Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Interline Brands, Inc. (“Interline Brands” or the “Company”) (NYSE: IBI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by affiliates of GS Capital Partners (“GS Capital”) and P2 Capital Partners (“P2 Capital”) in a transaction valued at approximately $1.1 billion, including the assumption of debt.
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Under the terms of the proposal, public shareholders of Interline Brands will receive $25.50 per share in cash for each share of Interline Brands they own. The investigation concerns whether Interline Brands’ board of directors failed to adequately shop the Company and obtain the best possible price for Interline Brands’ shareholders before entering into an agreement with GS Capital and P2 Capital.
If you own the common stock of Interline Brands and purchased your shares before May 29, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/interline-brands-inc-ibi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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