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An iconic American outdoor company will acquire the respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise.
On July 5, 2017, the Federal Trade Commission approved the acquisition of Cabela's by Bass Pro Shops. The acquisition was complete on September 25, 2017. [27] The two brands have a few things in common: they were founded around the same theme and both brand’s store locations were designed to deliver a “destination-like” shopping ...
Still struggling with a changing retail landscape, Cabela's agreed last October to be acquired by privately-held rival Bass Pro Shops for $65.50 per share, or about $5.5 billion, including debt.
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As part of Cabela's acquisition, the company agreed to sell the assets and liabilities of the World Foremost Bank to Synovus and Capital One, a transfer of over $1 billion in assets. [29] [30] In 2020, Great Outdoors Group, the parent company of Bass Pro Shops and Cabela's, attempted to acquire Sportsman's Warehouse. [31]
The museum helps bring visitors to Bass Pro's store there, with which it shares a location. [9] [10] In September 2017, Bass Pro acquired Cabela’s, another retailer of outdoor merchandise, for $4 billion. [11] Morris and his family were presented with the Audubon Medal in February 2019, in recognition of their conservation efforts. [12]
Gander Mountain sold its mail order business to Cabela's in 1996 with a no-compete clause. [17] In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~$99.1 million in 2023) from a private-equity firm.
Shares of Cabela's climbed nearly 10% today after the company increased guidance sharply on its earnings per share, which the company attributed to strong growth both in its retail and Internet sales.