(SPWH Alert) Johnson Fistel Investigates Proposed Sale of Sportsman's Warehouse; Is $18 a Fair Price?

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Dec 22, 2020, 08:24 ET

SAN DIEGO, Dec. 22, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Sportsman's Warehouse Holdings, Inc. ("Sportsman's Warehouse" or the "Company") (NASDAQ: SPWH) breached their fiduciary duties in connection with the proposed sale of the Company to Great American Outdoors Group ("Great American" or the "Company").

On December 21, 2020, Sportsman's Warehouse announced that it had entered into a definitive merger agreement with Great American. Under the terms of the merger agreement, stockholders of Sportsman's Warehouse will receive $18.00 per share in cash for each share of Sportsman's Warehouse common stock.

The investigation concerns whether the Sportsman's Warehouse board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Sportsman's Warehouse shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given that one Wall Street analyst has a $23.50 price target on the stock.

If you are a shareholder of Sportsman's Warehouse and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP