MW:Interline Brands rallies on Goldman Sachs buyout
By Steve Gelsi
NEW YORK (MarketWatch) -- Interline Brands Inc. IBI -0.99% said Tuesday it agreed to be bought by GS Capital Partners, the direct private investment unit of Goldman Sachs GS -0.17% , and P2 Capital Partners in a deal valued at $1.1 billion including debt. Interline Brands shares shot up 42% in premarket trades on the offer, which is valued at %25.50 a share in cash. Share of Interline closed at $17.94 on Friday, and recently traded at $25.32 in premarket trades. Jacksonville, Fla.-based Interline is a distributor and direct marketer of maintenance, repair and operations products.
