Bass Pro to buy rival Cabela's in $4.5B deal
OMAHA, Neb. — Bass Pro is snapping up rival Cabela’s in a $4.5 billion deal announced Monday.
Bass Pro is paying Cabela’s shareholders $65.50 cash per share, a 19 percent premium to Friday’s closing price.
It also creates uncertainty about jobs in Cabela’s home state of Nebraska. The combined companies plan to keep some operations in Sidney and Lincoln, Neb., but it’s not immediately clear how many jobs might be lost.
State Sen. Ken Schilz said the deal is concerning because of the duplication between the two companies’ headquarters that will be eliminated.
