Posted March 18, 2010
Interline ends shareholder rights plan
Interline Brands Inc. 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.
"We remain focused on enhancing long-term value for our shareholders by executing on our key strategic and operational initiatives in 2010 and beyond," said Michael J. Grebe, Interline's chairman and CEO.
The board's actions accelerated the expiration date of Interline's current shareholder rights plan to March 17, 2010, from its original expiration date of March 22, 2012.
