Interline Brands Target of Shareholder Investigation - Modern Distribution Management

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Interline Brands Target of Shareholder Investigation

Shareholder litigation firm Ryan & Maniskas is investigating possible breaches of fiduciary duty by Interline Brands' board of directors.

Shareholder litigation firm Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Interline Brands Inc. (NYSE: IBI) concerning possible breaches of fiduciary duty and other violations of law. The claims are related to the companys efforts to sell Interline Brands to affiliates of GS Capital Partners LP and P2 Capital Partners in a transaction valued at approximately $1.1 billion.

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The investigation involves possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the companys board of directors; in particular, whether the company undertook a fair process to obtain fair consideration for all shareholders of Interline Brands.

Under the terms of the transaction, Interline Brands shareholders will receive $25.50 per share of Interline Brands stock they own.

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