BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Interline Brands, Inc (“Interline” or the “Company”) (NYSE: IBI) relating to the proposed acquisition by GS Capital Partners (“GS Capital”).
Under the terms of the transaction, Interline shareholders would receive only $25.50 in cash for each share of Interline stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Interline for not acting in the Company’s shareholders' best interests in connection with the sale process to GS Capital. Interline has reported strong operating results for the first quarter of the fiscal year of 2012. The Company reported revenue of $313.6 million, which was above analyst estimates of $311.67. As a result, the investigation focuses on the decision to agree to this transaction at $25.50 rather than allow the Interline shareholders to benefit from the Company’s continued positive results.
If you own shares of Interline stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/432-ibi-interline-brands-inc.html, or by calling toll free 877-LEGAL-90.