Tuesday, July 17, 2018
Business

Bass Pro acquires Cabela's for $4 billion

Bass Pro Shops has acquired competitor Cabela's for a reported $4 billion. Bass Pro indicated it is seeking to appeal to all "outdoor enthusiasts" with the move, roping in hunting customers from Cabela's.

"We also plan to be a powerful unified voice for conservation and become a stronger activist for the outdoors and sportsmen's rights," the company said in a release.

The companies' names are not set to change because of the merger. Cabela's shareholders will receive $61.50 per share. Bass Pro has a location in Brandon.

 

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