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Article Date: May 2017
Word Count: 233

Gander Mountain Had Eight Bidders


The two-day auction that produced the joint bid from the liquidators and Camping World is expected to produce about 5.5 times the amount of cash for unsecured creditors than had been contemplated by the debtor in the original stalking horse bid, although the amount wasn’t specified. The liquidators bid, which covered 92.5% of the value of the inventory at all the Gander Mountain stores was valued at $360 million. The Camping World bid, which was for the lease rights and inventory of the two Overtons stores, the Gander and Overtons e-commerce platforms and the right to designate all the Gander ... Log in to view full article.

 


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