STEVENSON, Md.--(BUSINESS WIRE)--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Interline Brands, Inc. (NYSE: IBI) (“IBI”) and other violations of state law by the board of directors of IBI relating to the proposed buyout of the company by affiliates of the investment firm GS Capital Partners LP (“GS Capital Partners”), which makes private equity investments on behalf of the Goldman Sachs Group, Inc. and others, and investment firm P2 Capital Partners, LLC (“P2 Capital Partners”), which is also a shareholder of IBI. The firm’s investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.
On May 29, 2012, IBI announced that it had entered into a definitive agreement providing for GS Capital Partners and P2 Capital Partners to acquire IBI for approximately $1.1 billion. Under the terms of the buyout transaction, IBI shareholders will receive $25.50 for each share of IBI common stock held.
If you currently own shares of IBI and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.