Shareholder Rights Law Firm Johnson & Weaver, LLP announces that it is investigating whether certain officers and directors of Great Wolf Resorts, Inc. (NASDAQ: WOLF) breached their fiduciary duties to current shareholders in connection with their efforts to sell the company to an affiliate of Apollo Global Management, LLC (NYSE: APO). The firm’s investigation seeks to determine, among other things, whether the board failed to maximize shareholder value, and whether self-dealing influenced the decision by Great Wolf to enter into the merger agreement with Apollo.

On March 13, 2012, Great Wolf announced that it had entered into a definitive merger agreement to be acquired by an affiliate of Apollo. According to the terms of the deal, Apollo will commence a tender offer on March 13, 2012, to purchase all outstanding shares of Great Wolf common stock for $5.00 per share.

Johnson & Weaver, LLP’s investigation focuses on whether Great Wolf’s board is undertaking a fair process to obtain maximum value and adequately compensate the company’s shareholders. At least one leading market analyst has released a target price for Great Wolf that values shares of the company’s common stock at $6.00 per share, considerably higher than the value being offered by Apollo as part of the proposed transaction. Moreover, the price to EBITDA, revenue and asset multiples are lower than that of comparable transactions.

Johnson & Weaver, LLP is also examining whether self-dealing and other employment guarantees played a part in the decision by Great Wolf to enter into the merger agreement with Apollo. According to the terms of the deal, the current officers of Great Wolf are slated to become the officers in the surviving corporation upon closure of the proposed deal.

Johnson & Weaver, LLP invites current Great Wolf shareholders who are concerned about their legal rights and remedies to contact attorney Shawn Fields at (619) 230-0063 or shawnf@johnsonandweaver.com.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

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