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Old 10-03-2016, 12:56 PM
RobS's Avatar
RobS RobS is offline
SS / Curmudgeon / SSc Storm Watcher
 
Join Date: Oct 2002
Location: living near the least productive waters of the NE
Posts: 18,225
eek Cabasspro.com mega deal!

Wow... who saw this coming?

Outdoor Giant Bass Pro To Acquire Rival Cabela?s for $4.5 Billion

October 03, 2016

OMAHA, Neb. (AP) ? Outdoor gear giants Bass Pro and Cabela?s will combine in a $4.5 billion deal announced Monday.
Bass Pro is paying Cabela?s shareholders $65.50 cash per share. The deal creates uncertainty about jobs in Cabela?s home state of Nebraska. The combined companies plan to keep some operations in Sidney and Lincoln, Nebraska, but it?s not immediately clear how many jobs might be lost.
Bass Pro CEO Johnny Morris says he hopes to continue growing the Cabela?s brand alongside his own Springfield, Missouri, based chain.
Capital One will take over running Cabela?s credit card unit as part of the deal. Activist investment firm Elliott Management began pushing for significant changes at Cabela?s last fall. Cabela?s employs about 2,000 people in the western Nebraska town of Sidney, which has about 7,000 residents.
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