NEW YORK - (Business Wire) Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Gander Mountain Company (“Gander Mountain” or the “Company”) [NASDAQ:GMTN] arising out of the proposed going-private transaction of Gander Mountain. On September 28, 2009, Gander Mountain announced that it would effect a 1-for-30,000 reverse stock split of its common stock and that any shareholder holding less than 1 share would receive $5.15 per share for each share held prior to the reverse split. Shareholders holding 30,000 or more shares prior to the reverse split would remain shareholders in the company. The funding for the cash payment for the fractional shares described above will be provided by the company's two largest shareholders, Gratco LLC and Holiday Stationstores, Inc. Pursuant to this proposed “going-private” transaction, the Company may be unlawfully harming Gander Mountain shareholders holding under 30,000 shares.
Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm.
If you own Gander Mountain common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Wolf Haldenstein Adler Freeman
& Herz LLP
Gustavo Bruckner or Derek Behnke
800-575-0735 or 212-545-4600
bruckner@whafh.com
Classmember@whafh.com
