Interline Brands (IBI) To Terminate Current Shareholder Rights Plan
Interline Brands, Inc. (NYSE: IBI) today announced that its Board of Directors has voted to terminate the Company's current shareholder rights plan, which had previously been adopted in March 2009.
Michael J. Grebe, Interline's Chairman and Chief Executive Officer, commented, "We remain focused on enhancing long-term value for our shareholders by executing on our key strategic and operational initiatives in 2010 and beyond."
The Board's actions accelerated the expiration date of the Company's current shareholder rights plan to March 17, 2010, from its original expiration date of March 22, 2012.
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