Cabela’s Shareholders to Vote Next Week on BPS Merger
With federal regulators apparently satisfied with the proposed merger of Cabela’s (CAB) and Bass Pro Shops, Cabela’s shareholders are now scheduled to vote next Tuesday, July 11 to move forward with the transitions. The original sale priced the transaction at $5.5 billion, but was amended after delays, sitting now at $61.50/share, down $4 from the original price, but still at a premium to the current share price trading range.