Interline Brands, Inc. Announces Expiration of the "Go-Shop" Period

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Interline Brands, Inc.
IBI
today announced the expiration of the "go-shop" period provided for in the merger agreement announced on May 29, 2012, by which Interline would be acquired by affiliates of GS Capital Partners VI L.P. ("GS Capital Partners") and P2 Capital Partners, LLC ("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, 2012. 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. Starting at 12:00 a.m. on June 29, 2012, the Company became subject to customary "no-shop" provisions that limit its ability to solicit alternative acquisition proposals from third parties or to provide confidential information to third parties, subject to a ''fiduciary out'' provision that allows the Company to provide information and participate in discussions with respect to certain unsolicited written takeover proposals and to terminate the merger agreement and enter into an acquisition agreement with respect to a superior proposal in compliance with the terms of the merger agreement.
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