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US: Cabela lowers price for Bass Pro

By  |  April 18, 2017

On Monday Cabela’s said it has agreed to sell itself to Bass Pro Shops at a discount.

Bass Pro Shops, which is based in Springfield, will now buy Cabela’s for about $5 billion. That’s $500 million less than the deal announced in October.

The deal will combine Cabela’s 85 stores, which have a stronger presence in the Northwest, with Bass Pro’s roughly 100 locations that are concentrated in the Southeast.

The retailers, which overlap in Missouri, Kansas and Texas, each have a store in the St. Louis area. Sidney, Neb.-based Cabela’s also said it would sell its bank unit in a two-step deal as it seeks regulatory clearance for the transactions.

Full Content: Retail Dive

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