{"id":76580,"date":"2017-07-13T15:59:40","date_gmt":"2017-07-13T19:59:40","guid":{"rendered":"https:\/\/www.gunsamerica.com\/blog\/?p=76580"},"modified":"2017-07-13T15:59:40","modified_gmt":"2023-08-21T03:32:45","slug":"cabelas-shareholders-greenlight-4b-sale-bass-pro","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/cabelas-shareholders-greenlight-4b-sale-bass-pro\/","title":{"rendered":"Cabela\u2019s Shareholders Greenlight $4B Sale to Bass Pro"},"content":{"rendered":"
\"Cabela\u2019s<\/a>

Cabela’s is being sold to Bass Pro for $4 billion.
(Photo: Wikipedia<\/a><\/em>)<\/p><\/div>\n

The Shareholders of Cabela\u2019s gave the thumbs-up to the sale of the sporting goods retailer to its competitor Bass Pro Tuesday in a deal that will pay them $61.50 per share.<\/p>\n

The sale price of the Nebraska-based chain was $4 billion. Bass Pro\u2019s intent to acquire its rival was first announced back in October.<\/p>\n

With a majority of the shareholders agreeing to the deal, the merger can now move forward.<\/p>\n

“Today’s vote … brings us one step closer to finalizing our plans,” Jack Wlezien, Bass Pro\u2019s director of communication said in an email to The Associated Press<\/a>. “Other steps remain on our path to unite our two organizations and there are still many decisions to be made as we prepare to bring our companies together.<\/p>\n

“While we do not have answers to every question today, we are committed to sharing additional information as it becomes available,” Wlezien added.<\/p>\n

One of the last hurdles to sealing the deal is getting the banking regulators to approve the sale of Cabela\u2019s credit card program. Company officials suspect that that will happen before the end of the year.<\/p>\n

The Missouri-based Bass Pro has 99 existing locations in the U.S. and Canada. By acquiring Cabela\u2019s, it will take on 82 more stores. It\u2019s not clear at this point what locations, if any, will be closed down.<\/p>\n

SEE ALSO:\u00a0Half of Gander Mountain\u2019s Stores Will Close, Huge Liquidation Sale<\/a><\/h2>\n

The consolidation of two major players in the outdoor-sporting world comes amid another big time merger, Camping World Holdings’ acquisition of Gander Mountain<\/a>\u00a0announced back in May.<\/p>\n

The details of that deal are a bit different in that Gander Mountain had filed Chapter 11 bankruptcy. Camping World was able to scoop up the over-leveraged Gander Mt. for $38 million.<\/p>\n

That purchase included all 162 retail locations, its corporate operations, its intellectual property rights, its e-commerce presence and its Overton\u2019s boating subsidiary.<\/p>\n

What all this means for gun sales is hard to say. Six months into 2017 and folks are already talking about the \u201cTrump Slump,\u201d the lack of urgency created in the firearms marketplace due\u00a0to a GOP president. The days of fear buying are over, for the foreseeable future.<\/p>\n

Will these corporate giants lower prices to attract buyers? Will they attempt to just ride the storm out and keep prices firm?<\/p>\n

If you look on GunsAmerica<\/a>, it\u2019s clear that mom and pop shops have already begun slashing prices. There are some killer deals to be had! Now is the perfect time to buy that gun you\u2019ve been waiting to purchase.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Shareholders of Cabela\u2019s gave the thumbs-up to the sale of the sporting goods retailer to its competitor Bass Pro Tuesday in a deal that will pay them $61.50 per share.<\/p>\n","protected":false},"author":34,"featured_media":76583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[7,111,216],"tags":[132,844,617],"featured":[],"hunt365":[],"class_list":{"0":"post-76580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gunsamerica-authors","8":"category-industry-news","9":"category-s-h-blannelberry","10":"tag-buzz","11":"tag-home-defense","12":"tag-industry-news"},"yoast_head":"\nCabela\u2019s Shareholders Greenlight $4B Sale to Bass Pro<\/title>\n<meta name=\"description\" content=\"The Shareholders of Cabela\u2019s gave the thumbs-up to the sale of the sporting goods retailer to its competitor Bass Pro Tuesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gunsamerica.com\/digest\/cabelas-shareholders-greenlight-4b-sale-bass-pro\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabela\u2019s Shareholders Greenlight $4B Sale to Bass Pro\" \/>\n<meta property=\"og:description\" content=\"The Shareholders of Cabela\u2019s gave the thumbs-up to the sale of the sporting goods retailer to its competitor Bass Pro Tuesday in a deal that will pay them $61.50 per share.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gunsamerica.com\/digest\/cabelas-shareholders-greenlight-4b-sale-bass-pro\/\" \/>\n<meta property=\"og:site_name\" content=\"Gun Reviews and News | GunsAmerica.com\/Digest\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gunsamerica\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-13T19:59:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-21T03:32:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2017\/07\/Screen-Shot-2017-07-13-at-3.28.44-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"662\" \/>\n\t<meta property=\"og:image:height\" content=\"545\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"S.H. 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