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News Breaks | | | | June 29, 2012 | | 08:35 EDT |  | IBI | Interline Brands announces expiration of "go.shop" period
Interline Brands announced the expiration of the "go-shop" period provided for in the merger agreement announced on May 29, by which Interline would be acquired by affiliates of GS Capital Partners VI and P2 Capital Partners. Under the merger agreement, the Company and its representatives had the right to solicit superior proposals from third parties during a "go-shop" period that expired at 11:59 p.m. EDT on June 28. During the "go-shop" period, Barclays Capital Inc., the Company's financial advisor, contacted potential acquirers that the Company and Barclays Capital Inc. believed might have been interested in an alternative transaction to the merger with affiliates of GS Capital Partners and P2 Capital Partners. The Company did not receive any alternative acquisition proposals from third parties during the "go-shop" period. | |
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