Levi & Korsinsky LLP Investigates Board of Gander Mountain Company - GMTN
01 10월 2009 - 2:17AM
Business Wire
Levi & Korsinsky (“L&K”) is investigating the Board of
Directors of Gander Mountain Company (“Gander Mountain” or the
“Company”) (NasdaqGM: GMTN) for possible breaches of fiduciary duty
and other violations of state law in connection with the announced
going-private transaction. Under the terms of the transaction, the
Company's two largest shareholders, Gratco LLC and Holiday
Stationstores Inc., will pay Gander Mountain shareholders that have
less than 30,000 shares about $5.15 per share while shareholders
holding more than 30,000 shares will retain their shares and not be
paid for them.
The investigation concerns whether the Gander Mountain Board of
Directors breached their fiduciary duties to Gander Mountain
shareholders given that the Company's shares traded at $6.49 as
recently as June 29, 2009 and the Company has a book value in
excess of $6.37 per share. The going-private transaction is
expected to close in early 2010.
If you own common stock in Gander Mountain and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/gmtn1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
Gander Mountain Company (MM) (NASDAQ:GMTN)
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Gander Mountain Company (MM) (NASDAQ:GMTN)
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