Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies, today announced they have successfully completed the transaction in which Bass Pro Shops acquired Cabela’s for $61.50 per share in cash, representing an aggregate transaction value of approximately $5.0 billion. As a result of the completion of this transaction, Cabela’s common stock will no longer be listed for trading on the New York Stock Exchange.
The completion of this transaction formally brings together three of the nation’s premier sporting brands: Bass Pro Shops, a leader in fishing; Cabela’s, a leader in hunting; and White River Marine Group, a leader in boating, which is part of Bass Pro Shops. The combined company will now offer expanded product line and geographic footprint, creating enhanced benefits for outdoor enthusiasts.
The completion of this transaction marks a historic moment for American outdoor enthusiasts. The combination brings together three companies that share humble origins, an abiding love for the outdoors and a passion for supporting conservation and serving sportsmen and sportswomen.
“We look forward to growing and celebrating conservation as we work to provide our combined customer base with enhanced product offerings, unique outdoor experiences and unrivaled services,” said Johnny Morris, founder and CEO of Bass Pro Shops.
http://cabelas.gcs-web.com/news-releases/news-release-details/bass-pro-shops-completes-acquisition-cabelas