Interline Brands, which sells faucets, light fixtures and other maintenance and repair products, will sell itself to investment firm P2 Capital Partners and the private equity branch of Goldman Sachs, GS Capital Partners, in a deal worth $1.1 billion.
Interline shareholders will receive $25.50 per share in cash, a 42 percent premium to the company’s May 25 closing price. The deal allows Interline to solicit alternative proposals until June 28. If no superior offer is made, the transaction is expected to close by the end of the third quarter.
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