Great Wolf Resorts, Inc. (NASDAQ:WOLF) Investor Investigation Focuses On Potential Breaches Of Fiducary Duties In Takeover

If you are a current investor in Great Wolf Resorts, Inc. (NASDAQ:WOLF) shares and purchased your NASDAQ:WOLF shares prior to March 13, 2012, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Great Wolf Resorts
Affected Securities: 
NASDAQ: WOLF

San Diego, March 13, 2012 (Shareholders Foundation) -- The announcement by Great Wolf Resorts, Inc. that its broad of directors agreed to a takeover of Great Wolf Resorts, Inc. by an affiliate of Apollo Global Management, LLC for $5 per NASDAQ:WOLF caused an investigation for investors in Great Wolf Resorts, Inc. (NASDAQ:WOLF) shares concerning whether the offer to acquire Great Wolf Resorts, Inc. and the buyout process are unfair to investors in NASDAQ:WOLF shares.

The investigations by law firms concern whether Great Wolf Resorts, certain officers and directors, and/or others breached their fiduciary duties owed to Great Wolf Resorts, Inc. (NASDAQ:WOLF) investors in connection with the proposed acquisition.

On Tuesday, March 13, 2012, Great Wolf Resorts, Inc. (NASDAQ: WOLF) and an affiliate of Apollo Global Management, LLC (NYSE: APO) announced that they have entered into a merger agreement whereby Apollo Global Management, LLC, will acquire Great Wolf Resorts, Inc for approximately $703 million, including the assumption of the Company’s outstanding debt. Under the terms of the proposed transaction, the affiliate of Apollo Global Management, LLC will make an offer to purchase all outstanding shares of Great Wolf Resorts, Inc common stock for $5.00 per share
Great Wolf Resorts, Inc said the $5offer represents a premium of 72.9% over the six-month average of Great Wolf’s share price ending on March 12, 2012, a premium of 50.4% over the ninety-day average of Great Wolf’s share price ending on March 12, 2012, and a 19.3% premium over Great Wolf’s closing stock price on March 12, 2012.
However, following the takeover news shares of Great Wolf Resorts, Inc. (NASDAQ:WOLF) jumped from $4.19 on Monday to $5.49 during Tuesday, thus above the current offer. In addition at least one analyst has set the high target price for NASDAQ:WOLF shares at $6.00 per share, also above the current offer. Furthermore,

Therefore the investigation for NASDAQ:WOLF investors concerns whether the Great Wolf Resorts Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Great Wolf Resorts, Inc. (NASDAQ:WOLF) shareholders by failing to adequately shop the Company before entering into this transaction.

Depsite the analysts estimated target price for NASDAQ:WOLF shares Great Wolf Resorts’ financial performance improved lately. Its annual Revenue rose from $245.54million in 2008 to $296.71million in 2011 and its Net Loss decreased from $40.73million in 2008, respectively $58.48million for 2009 to $32.30million in 2011.

A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:WOLF) shareholders would receive in a buyout, so the law firm.