We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Sportsman’s Warehouse Holdings, Inc. (“SPWH” or the “Company”) (NASDAQ American: SPWH) in connection with the proposed acquisition of the Company by a consortium led by Great American Outdoors Group, parent company of Bass Pro Shops, Cabela’s, White River Marine Group and a collection of nature-based resorts. Under the terms of the agreement, the Company’s shareholders will receive $18.00 in cash for each share of SPWH common stock that they own.
WeissLaw is investigating whether (i) SPWH’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $18.00 per-share merger consideration adequately compensates SPWH’s shareholders; and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a target price of $20.00 per SPWH share, or $2.00 above the per-share merger consideration. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com