DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Interline Brands, Inc. (“Interline Brands” or “IBI”) (NYSE: IBI) to affiliates of GS Capital Partners, LP and P2 Capital Partners, LLC for shareholders. Under the proposed acquisition agreement, Interline Brands shareholders will receive only $25.50 in cash for each share of Interline Brands/IBI stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement is valued at $1.1 billion, including the assumption of debt.
The investigation centers on whether Interline Brands shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Interline Brands’ stock, and whether Interline Brands’ board attempted to obtain the highest possible share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “We are concerned that shareholders may not be receiving a fair price for their Interline Brands shares and are prepared to commence litigation to protect their rights.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.