Wednesday, July 12, 2017

Cabela's, Bass Pro deal inches closer to completion

Bass Pro Shops's acquisition on rival Cabela's has passed another hurdle.  
 
Cabela's shareholders voted to approve the sale of the hunting and outdoor retailer to Bass Pro, the company announced Tuesday. Cabela's agreed in April to be bought by Bass Pro Shops for $61.50 a share, down from the original purchase price of $65.50 a share, valuing the acquisition at $4.2 billion. The transaction is expected to close in the third quarter of 2017.. . . more

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