Popular Posts

▼

Tuesday, October 04, 2016

Bass Pro to acquire Cabela's in $5.5 billion deal

Bass Pro Shops, the Springfield, Missouri-based outdoor sports retailer, has agreed to buy competitor Cabela's Inc. for $65.60 a share in cash, valuing the deal at about $5.5 billion.

Sidney, Nebraska-based Cabela's (NYSE: CAB) announced the deal Monday, ending a week of speculation.

The transaction is expected to close in the first half of 2017, subject to approval by Cabela's shareholders and regulatory approvals.

Bass Pro has one location in Maryland with a massive store at the Arundel Mills Mall. Cabela's has yet to enter Maryland.

The deal calls for Bass Pro to begin a multiyear partnership with Capital One NA, a banking subsidiary of Capital One Financial Corp. (NYSE: COF), under which Capital One will service the Cabela's CLUB, that retailer's co-branded credit card, officials said.

More
at

11 comments:

  1. AnonymousOctober 4, 2016 at 5:12 PM

    PLEASE COME TO SALISBURY! Gander Sucks!

    ReplyDelete
  2. AnonymousOctober 4, 2016 at 5:31 PM

    That's never gonna happen

    ReplyDelete
    Replies
    1. AnonymousOctober 4, 2016 at 5:41 PM

      And you think so why?

      Delete
    2. AnonymousOctober 4, 2016 at 8:09 PM

      Don't any of you get it??? Nothing like a bass pro is going to come to the shore....there isn't enough money....or people to support....these stores are plentiful here in florida....our shopping centers in swfl boom....money and people make the difference....I left the shore with my family just over 3 years ago for swfl....and we couldn't be happier....there are more opportunities for my kids...and the stores just don't stop....again...money and people....

      Delete
  3. AnonymousOctober 4, 2016 at 6:04 PM

    My sister & bro-inlay have both in there town!

    ReplyDelete
  4. AnonymousOctober 4, 2016 at 6:39 PM

    Why bother with maryland?because....its anti gun..

    ReplyDelete
  5. AnonymousOctober 4, 2016 at 8:34 PM

    This is not good for the consumer because it is less competition out there.

    ReplyDelete
  6. AnonymousOctober 4, 2016 at 8:40 PM

    Plenty of competition. It's called the internet. Stuff shows up in 1 -2 days at your door. No driving/no cashiers/no idiots.

    ReplyDelete
  7. AnonymousOctober 4, 2016 at 8:51 PM

    Mr Florida, I am perplexed by your constant commentary about moving and how great it is. Who are you trying convince, us or you? I fail to understand the point of all your posts, because they only surmount to, hey I moved, hey I moved, hey I moved.

    Since you have been gone for years, do you think your points are relevant? They aren't, because .... you moved.

    ReplyDelete
  8. AnonymousOctober 5, 2016 at 1:44 AM

    I've always liked Cabela's over Bass Pro and certainly over the other one.

    ReplyDelete
  9. AnonymousOctober 5, 2016 at 8:38 AM

    Mr 851 I'm trying to point out what the shore needs to do in order to improve . It's situation....I spent nearly 20 years on the shore and miss it sometimes....if the economy was better on the shore I may have stayed....

    ReplyDelete

Note: Only a member of this blog may post a comment.