Great Wolf Resorts, Inc.
Robbins Umeda LLP Announces an Investigation of Great Wolf Resorts, Inc.
Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of Great Wolf Resorts, Inc. (NASDAQ: WOLF) in connection with their efforts to sell the company to an affiliate of Apollo Global Management, LLC (NYSE: APO). Concerned shareholders who would like more information about their rights and potential remedies can complete the form below and we will contact you directly. You can also contact attorney Gregory E. Del Gaizo at (800) 350-6003.
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.
Robbins Umeda 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. Notably, 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.
Furthermore, the Firm is 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.
Robbins Umeda attorneys highlight that Great Wolf shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company’s shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.
Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.