class="post-template-default single single-post postid-247069 single-format-standard group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-5.1.1 vc_responsive"
Cabela’s shareholders approve selling firm to rival Bass Pro | Rural Radio Network

Cabela’s shareholders approve selling firm to rival Bass Pro

Cabela’s shareholders approve selling firm to rival Bass Pro
Courtesy/MGN. Bass Pro. Cabelas.

Cabela’s shareholders have approved selling the outdoor
outfitter to rival Bass Pro Shops for roughly $4 billion. The Nebraska-based chain said Tuesday that shareholders had voted for the deal that will pay them $61.50 per share.

Cabela’s CEO Tommy Millner says the shareholder vote is an encouraging milestone for the deal that was announced last October. Company officials have said they expect the deal to close later this year, but banking regulators have yet to approve the sale of Cabela’s credit card unit that is part of the transaction.

After the merger, the company will be based in Bass Pro’s hometown of Springfield, Missouri. It’s not yet clear how many of the roughly 2,000 jobs in Cabela’s headquarters of Sidney, Nebraska will remain after the deal.

© 2017 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share:
Comments