NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Interline Brands, Inc. (“Interline” or the “Company”) (NYSE: IBI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of GS Capital Partners LP (“GS Capital”) and P2 Capital Partners (“P2 Capital”).
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Under the terms of the transaction, Interline shareholders will receive $25.50 per share of Interline stock they own. The transaction has an approximate total value of $1.1 billion, including the assumption of debt. In addition to equity from funds managed by GS Capital and P2 Capital, it is anticipated that certain members of the Company’s management will invest a portion of their proceeds from the transaction. The investigation concerns whether the consideration to be paid to Interline shareholders is unfair, inadequate, and substantially below the fair or inherent value of Interline, and whether the senior management of Interline are putting their own interests ahead of those of the Company’s shareholders.
If you own common stock in Interline and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/interline-brands-ibi.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.