Glancy Binkow & Goldberg LLP Announces that the Tender Offer for Great Wolf Resorts, Inc. Will Expire on April 10, 2012
March 15 2012 - 3:25PM
Business Wire
Glancy Binkow & Goldberg LLP announces that the tender offer
for Great Wolf Resorts Inc. by an affiliate of Apollo Global
Management will expire on April 10, 2012. Glancy Binkow and
Goldberg LLP is currently investigating potential claims against
the Board of Directors of Great Wolf Resorts, Inc. (“Great Wolf” or
the “Company”) (NASDAQ: WOLF) related to the proposed acquisition
of the Company by Apollo Global Management. The transaction is
valued at approximately $167 million or $5.00 per share.
The investigation concerns whether the Board of Directors of
Great Wolf breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $2.26 on December 13, 2011 to
$4.33 on March 5, 2012. Further, at least one analyst has set a
target price for the Company’s stock at $6.00.
If you are a shareholder of Great Wolf, if you have information
or would like to learn more about these claims, or if you wish to
discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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