from today's Milwaukee Journal Sentinel (5/14):
Great Wolf sale may be nearer
Resort owner's agreement averts proxy battle
By TOM DAYKIN
"Madison-based Great Wolf Resorts Inc. may be moving closer to a sale after the company agreed to accept three director candidates supported by a dissident shareholder, averting a proxy battle.
Great Wolf, which operates water-park resorts, announced that two of the three director candidates nominated by Hovde Capital Advisors LLC will be added to the slate of director candidates nominated by Great Wolf.
Those two candidates are Eric Hovde, president and CEO of Washington, D.C.-based Hovde Capital, and Richard Murray, a Hovde Capital senior investment analyst.
A third nominee "reasonably acceptable" to Hovde Capital also will be added to Great Wolf's slate, according to a company news release. Great Wolf's proxy statement, filed Tuesday with the Securities and Exchange Commission, identified that third nominee as Beth May, a private investor and former head of corporate development for Lennar Corp., a Miami-based home builder." ...
for the complete story
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