Progress continues on the Bass Pro Shops’ acquisition of Cabela’s.
The saga continues. If you live somewhere besides under a rock, you know that the Bass Pro Shops purchase of Cabela’s has been anything but smooth. The two companies have pushed through, however, and slowly but surely, it appears the merger may be taking shape.
Shareholders of the Cabela’s brand recently voted to approve their combination with the hunting and fishing super store Bass Pro Shops.
Conversations about the acquisition began more than a year ago, with many hiccups along the way.
Cabela’s shareholders originally agreed to sell the company for $5.5 Billion. After a few snafus, the final price appears to be around $500 million lower at $5 Billion.
That $5 Billion translates to a per share price of $61.50. This is a full $4 lower per share than the originally agreed upon price of $65.50. At the time of this writing, shares of Cabela’s stock are trading around $54.
If you want my honest thoughts on the merger, check out this article from October of last year:
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