Gander Mountain Company Investor Alert: Takeover beneath Investigation

An analysis on account of accepted investors Gander Mountain Company (Public, NASDAQ:GMTN), who purchased the shares afore September 25, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount were announced.

Those who currently are investors in shares of Gander Mountain Company (NASDAQ:GMTN), and purchased the shares afore September 25, 2009, and / or accept added advice apropos to the investigation, should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554, The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of Gander Mountain Company arising out of their attack to crop Gander Mountain Company clandestine beneath the accustomed conditions. On September 28, 2009 Gander Mountain Company (Nasdaq: GMTN), appear its Intent to Go Private.Gander Mountain Company appear in adjustment to ensure that it will be acceptable to deregister its shares of accepted stock, in accordance with SEC rules and regulations, Gander Mountain will abate its amount of amiable shareholders to below 300. Gander Mountain Company affairs to accomplish this through an alteration to the company's online autograph of assimilation to aftereffect a 1-for-30,000 about-face banal breach of its accepted stock. After the about-face banal split, any actor captivation beneath than one allotment will accept a banknote transaction of $5.15 for anniversary allotment captivated above-mentioned to the about-face split. Immediately afterward the about-face banal split, the aggregation will book a additional alteration to its online autograph of assimilation to aftereffect a 30,000-for-1 advanced banal split. As a result, shareholders owning 30,000 or added shares of accepted banal at the time of the about-face breach will absorb their accepted numbers of shares of accepted banal after change and not accept banknote in the transaction.

But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of Gander Mountain Company (Public, NASDAQ:GMTN) because the “offer appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn”. The analysis “concerns whether the application to be paid to GMTN shareholders is grossly unfair, inadequate, and essentially below the fair or inherent amount of GMTN” and “whether the admiral of GMTN, including any appropriate board members, may accept breached their fiduciary duties by not acting in GMTN shareholders' best interests in affiliation with the action of GMTN”. Another analysis even calls the accord “suspicious because it appears from a analysis of the Company's banking statements that the inherent amount of the Company's banal is greater than $5.15 per allotment and because the Company is banishment the amount on its shareholders after any actor input.”

Gander Mountain Company, amid in Saint Paul, MN, operates a retail arrangement of food specializing in hunting, fishing, camping, abyssal and alfresco affairs articles and services. As of January 31, 2009, it operated 118 Gander Mountain alfresco affairs stores, including three aperture centers, accouterment about 6.6 actor aboveboard anxiety of retail amplitude in 23 states.Gander Mountain Company appear in 2007 Total Revenue of $969.40million and in 2008 Total Revenue of $1.6457billion. Shares of Gander Mountain Company (Public, NASDAQ:GMTN) traded at $5.15 per allotment afterwards the advertisement and at abutting to $3.90 per allotment anon afore the announcement. Shares of Gander Mountain Company (NASDAQ:GMTN) were down from its 52weekHigh of $6.49 per allotment and over $14 per allotment in 2007.