Gander Mountain, the St. Paul-based hunting and fishing retailer with 118 megastores across 23 states, completed a necessary step Friday in its announced plan to voluntarily delist the company’s common stock.
In a complex, two-step transaction designed to reduce its total number of shareholders under the 300 threshold necessary for delisting, the company announced it had completed a 1-for-30,000 reverse split of its common stock followed by a 30,000-for-1 forward split of its common stock.
Published on MinnPost Jan 18
Read more here.
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Monday, January 18, 2010
After complex financial transaction, Gander Mountain set to go private
Posted by Brad Allen at 10:48 AM
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