Bass Pro Shops hooks Cabela's in $5.5 billion deal
Fishing and hunting equipment chain Cabela's Inc said it agreed to be bought by Bass Pro Shops in a deal valued at $5.5 billion that will help the privately held company nearly double its store count in North America.
Cabela's has struggled with declining sales of apparel and footwear and has reported same-store sales growth in only one quarter in more than three years.. . . more