Faruqi & Faruqi, LLP Announces Investigation into Possible Breaches of Fiduciary Duties by the Board of Great Wolf Resorts In...
March 14 2012 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Great Wolf Resorts Inc. (“Great Wolf” or the
“Company”) (NASDAQ: WOLF) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Apollo Global Management LLC (NYSE: APO), in an all-cash
deal valued at about $167 million. Under the terms of the proposed
transaction, Great Wolf stockholders will receive $5 in cash for
each share of Great Wolf common stock they own, while according to
Yahoo! Finance, at least one financial analyst has set a price
target of $6 for Great Wolf. The proposed transaction is structured
as a tender offer and may be effectuated without a shareholder
vote.
Request more information now by clicking here:
www.faruqilaw.com/WOLF. There is no cost or obligation to you.
Whether Great Wolf’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues Great
Wolf’s shares and by how much this proposed transaction undervalues
the Company to the detriment of Great Wolf’s shareholders are the
key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Great Wolf and wish to obtain
additional information and protect your investment free of charge,
please visit us at www.faruqilaw.com/WOLF or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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