With a March 23 self-imposed deadline to get a stalking horse bid, there have been no indications from Gander that there is either a financial or a strategic buyer willing to make a stalking horse bid that would preserve the chain as a going concern. It does appear from earlier filings that Hilco is preparing a liquidation bid, as might be expected since it has been active in this area.

One possible strategic bidder for Gander Mountain is thought to be Sportsman’s Warehouse, which itself emerged from bankruptcy proceedings in 2009. Since then, it has successfully developed a niche formula in ... Log in to view full article.