LEGENDARY OUTDOOR BRANDS BASS PRO SHOPS AND CABELA’S TO COMBINE
*Attached: an open letter from Johnny Morris.
MERGER WILL ENHANCE ABILITY TO SERVE OUTDOOR ENTHUSIASTS WITH COMPLEMENTARY PRODUCT OFFERINGS AND GEOGRAPHIC FOOTPRINTS
CABELA’S SHAREHOLDERS WILL RECEIVE $65.50 PER SHARE IN CASH
BASS PRO SHOPS ENTERING INTO MULTI-YEAR CREDIT CARD PARTNERSHIP WITH CAPITAL ONE
BASS PRO SHOPS AND CABELA’S CLUB CUSTOMER LOYALTY PROGRAMS REMAIN UNCHANGED
Springfield, Mo. and Sidney, Neb. – October 3, 2016 – Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies with similar humble origins, and with a shared goal to better serve those who love the outdoors, today announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion. Read more