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  2. Bass Pro Shops announced today that it will purchase Cabela’s for $5.5 billion, or $65.50 per share. The acquisition creates a near monopoly in the hunting and fishing category. The combined annual revenues of both companies are more than $8 billion. The companies announced the acquisition in a joint press release today.
    gearjunkie.com/adventure/bass-pro-shops-buys-ca…
    The companies first announced in October 2016 that Bass Pro would acquire the publicly traded Cabela’s, which has seen a decline in sales amid broader struggles in the retail industry. After initial hiccups to the agreement, Bass Pro and Cabela’s agreed to a lower sale price of $61.50 a share and arranged to split Cabela’s banking unit.
    www.foxbusiness.com/markets/bass-pro-cabelas-c…
    SIDNEY, Neb. — Outdoor outfitter Cabela’s confirmed Monday it is merging with Springfield-based Bass Pro Shops in a deal worth $5.5 billion dollars. Reports surfaced late last week that Bass Pro had made a higher offer than that of a private equity firm, in a bid to acquire Cabela’s.
    www.ozarksfirst.com/news/bass-pro-cabelas-merg…
     
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