Monday, October 03, 2016

Bass Pro Shops to acquire Cabelas....

The New York Times is reporting that the two outdoor retailers will merge....Discuss among yourselves.

Bass Pro Shops — which remains privately held, largely by Johnny Morris, who started the company 45 years ago in his father’s liquor store near Springfield, Mo. — plans to purchase Cabela’s for about $65.50 a share in cash, according to a statement on Monday. Cabela’s said on Dec. 1 that it was exploring strategic alternatives. The takeover price represents a 40 percent premium to where its shares were trading that day.

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