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Interline Brands, Inc. (IBI)

(NYSE: IBI)

Summary

Faruqi & Faruqi, LLP Announces Investigation of Interline Brands, Inc. (IBI)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Interline Brands, Inc. (“Interline” or the “Company”) (NYSE: IBI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to affiliates of GS Capital Partners LP and P2 Capital Partners, LLC  in an all-cash deal valued at about $1.1 billion, including the assumption of debt. Under the terms of the proposed transaction, Interline’s stockholders will receive $25.50 in cash for each share of Interline’s common stock they own.

Whether Interline’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Interline’s shares and by how much this proposed transaction undervalues the Company to the detriment of Interline’s shareholders are the key focus of this investigation.

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    Interline Brands, Inc. (IBI)
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

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