The Law Firm of Weiss & Lurie Investigates Interline Brands, Inc.

NEW YORK--()--Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Interline Brands, Inc. (NYSE:IBI) arising from its agreement for Interline to be acquired by GS Capital Partners LP and P2 Capital Partners, LLC for $25.50 per share. The transaction is expected to close by the end of the third quarter of 2012.

Weiss & Lurie is investigating whether Interline’s Board acted in the best interests of shareholders in approving this deal. In approving the deal, the Board may have breached its duties to shareholders by failing to properly maximize the value of Interline’s shares.

Recently, S&P noted that Interline’s credit metrics are “improving” and it has “strong” liquidity “due to stronger earnings growth and relatively stable demand from Interline’s existing customers, which [S&P] expect[s] to continue over the next two years.”

For the first quarter 2012, Interline reported its highest quarterly organic sales growth in its facilities maintenance end-market, which comprised 76% of sales, since the fourth quarter of 2007. Indeed, as compared to the same period in 2011, in the first quarter 2012, sales increased 5.4% from $297.4 million to $313.6 million, gross profit increased 4.2% from $110.9 million to $115.6 million, and adjusted EBITDA increased 6.1% from $23.3 million to $24.7 million.

If you own Interline shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun, Esq. either by telephone at (888) 593-4771 or by email at info@weisslurie.com.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

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Contacts

Weiss & Lurie
Julia J. Sun, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslurie.com
info@weisslurie.com

Release Summary

Weiss & Lurie is investigating possible breaches of fiduciary duty and other violations of law by the Board of Interline arising from its agreement for Interline to be acquired by GS and P2 Capital.

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Contacts

Weiss & Lurie
Julia J. Sun, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslurie.com
info@weisslurie.com