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St. Paul, Minn. — St. Paul-based Gander Mountain Co. has filed a stalking horse bid by a joint venture comprised of Gordon Brothers and Hilco Merchant Resources to purchase substantially all of its assets.
The filing was made on March 30 as part of the company’s Chapter 11 proceedings. In the filing, Gander Mountain noted that the stalking horse agreement and bid procedures were designed to facilitate a seamless sale of the company as a going-concern.