Gander Mountain plans to cease public status
Outdoor gear retailer Gander Mountain Co. has announced its intent to cease its status as a public company. Under terms of the buyout, holders of less than 30,000 shares would get $5.15 each, a 35% premium to Friday’s closing price. Owners of more than 30,000 shares will maintain their current stakes. Gander Mtn. press release and Wall Street Journal.