According to recent press and people with knowledge of the matter, Gander Mountain Company Inc. could file for bankruptcy as early as this month. Gander Mountain is working with a financial advisory firm and law firm to prepare to file for bankruptcy, according to Reuters’ sources. The sources were not identified due to the situation being confidential. Gander Mountain responded on Wednesday to rumors that the Company would file for bankruptcy. In its statement, Gander Mountain said it had undertaken a “best-practices approach to review our strategic options specific to positioning the company for long-term success.” Read more on distressed companies.
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