NEW YORK, March 13, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, notifies investors of Great Wolf Resorts, Inc. (NASDAQ: WOLF) of potential claims of breaches of fiduciary duty and other violations of state law against the board of directors of WOLF in connection with the potential sale of the company to the private equity firm Apollo Global Management LLC (NYSE: APO). It was announced that Apollo will acquire all of the outstanding common stock of WOLF for $5 per share through a cash tender offer.
The investigation concerns whether the WOLF Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the company and whether Apollo is underpaying for WOLF's shares, thus unlawfully harming stockholders. Indeed, analysts have projected that the true going forward value of WOLF is worth at least $6 per share. Further, the book value alone of WOLF is worth at least $4.37 per share.
If you own WOLF common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy PLLC
125 East 82nd Street
New York, New York
Toll Free: 877-772-3975
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Tripp Levy PLLC