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- Bass Pro Shops has acquired Cabela's for $5.5 billion, or $65.50 per share, creating a near monopoly in the hunting and fishing category1. The acquisition was first announced in October 2016, and 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 unit2. The combined annual revenues of both companies are more than $8 billion1. The merger was confirmed by Cabela's in a press release3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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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