Law Offices of Howard G. Smith Announces Investigation of Interline Brands, Inc.
29 Mayo 2012 - 7:21PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the Board of Directors of
Interline Brands, Inc. (“IBI” or the “Company”) (NYSE: IBI) related
to the proposed acquisition of the Company by affiliates of GS
Capital Partners. The transaction is valued at approximately $1.1
billion or $25.50 per share.
The investigation concerns whether the Board of Directors of IBI
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the
proposed transaction, and whether the Company has disclosed all
material information to shareholders about the transaction. The
Company has seen substantial recent growth. Additionally, at least
one analyst has set a price target for the Company’s shares at
$28.00.
If you are a shareholder of IBI, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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