Outdoor giant Bass Pro to acquire rival Cabela's for $4.5B

2 years 2 weeks 3 days ago Monday, October 03 2016 Oct 3, 2016 Monday, October 03, 2016 8:13:00 AM CDT October 03, 2016 in News
By: The Associated Press and Zachary Reger, KOMU 8 Digital Producer

OMAHA, Neb. (AP) — Outdoor gear giants Bass Pro and Cabela's will combine in a $4.5 billion deal announced Monday.

The deal will give Cabela's shareholders $65.50 cash per share, but it creates uncertainty about jobs in the retailer's home state of Nebraska. The combined companies plan to keep some operations in Sidney and Lincoln, Nebraska, but it's not immediately clear how many jobs might be lost.

Bass Pro CEO Johnny Morris says he hopes to continue growing the Cabela's brand alongside his own Springfield, Missouri, based chain.

Bass Pro operates a store in north Columbia near Highway 63. At 82,000 square feet, Bass Pro claims to have the largest selection of outdoor gear in the Columbia area, according to the company's website.

Bass Pro owns stores in several Missouri cities, including St. Charles, Independence, Branson and Springfield. A map of other locations can be viewed on the company's website.

Capital One will take over running Cabela's credit card unit as part of the deal. Activist investment firm Elliott Management began pushing for significant changes at Cabela's last fall.

Cabela's employs about 2,000 people in the western Nebraska town of Sidney, which has about 7,000 residents.

The companies estimated the deal is worth $5.5 billion when debt is included.

[Editor's Note: This story's headline and text have been changed to show the correct amount of the deal. The story has also been updated with more information.]

More News

Grid
List
(CNN) - The Washington Post says Saudi Arabia's announcement about the death of contributing columnist Jamal Khashoggi is not an... More >>
1 hour ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 2:28:00 PM CDT October 21, 2018 in News
COLE COUNTY - One man is dead after being ejected from his car during a crash Saturday night. Kin... More >>
6 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 9:15:00 AM CDT October 21, 2018 in News
PECULIAR - Fourth generation dairy farmer Jay Fogle is one of many Missouri milk cow operators who are struggling to... More >>
6 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 8:45:00 AM CDT October 21, 2018 in News
COLUMBIA - One person was killed in a crash late Saturday night on North Stadium Boulevard (State Route E) near... More >>
14 hours ago Sunday, October 21 2018 Oct 21, 2018 Sunday, October 21, 2018 12:47:00 AM CDT October 21, 2018 in News
HERMANN - One person was killed and several people were injured in a crash involving a trolley, according to the... More >>
15 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 11:57:00 PM CDT October 20, 2018 in News
(CNN) -- President Donald Trump announced Saturday that the US is pulling out of the landmark Intermediate-Range Nuclear Forces Treaty... More >>
22 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 5:11:00 PM CDT October 20, 2018 in News
COLUMBIA – Nineteen members of Missouri Task Force One returned to Boone County Fire Protection District headquarters Saturday morning after... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 3:16:00 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A man has been criminally charged days after a woman's body was found near Fellows Lake at... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:58:08 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A Springfield woman who killed her live-in boyfriend with a crowbar in 2017 has been sentenced to... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:48:36 PM CDT October 20, 2018 in News
ST. LOUIS (AP) — A restored St. Louis prairie of native grasses and flowers is in bloom, but the nature... More >>
1 day ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 8:50:24 AM CDT October 20, 2018 in News
COLUMBIA - Sen. Claire McCaskill spoke about health care in Columbia on Friday at Laborers Local 955, as part of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 7:35:00 PM CDT October 19, 2018 in News
COLUMBIA - After realizing the underrepresentation of Hispanic business owners in mid-Missouri, three Hispanic professionals established a group of 12... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:49:00 PM CDT October 19, 2018 in News
COLUMBIA - This is the last week of the regular season and it's a cold one. Our game of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:20:00 PM CDT October 19, 2018 in Friday Night Fever
COLUMBIA - Two Midwest companies issued separate food recalls this week for bacterial contamination concerns. Hy-Vee said its supplier,... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 4:53:00 PM CDT October 19, 2018 in News
CAMDEN (AP) — Toxicology tests show that a boater was drunk when he slammed into a bluff at Missouri's Lake... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:41:35 PM CDT October 19, 2018 in News
COLUMBIA - The Legion of Black Collegians and the FourFront Marginalized Student Council held a solidarity walk Friday to show... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:39:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - The Missouri State Medical Association (MSMA), along with multiple medical associations, reaffirmed their opposition to the three... More >>
2 days ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:50:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - For the fourth consecutive year, Project Homeless Connect provided services Friday for people who are experiencing homelessness... More >>
2 days ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:39:00 PM CDT October 19, 2018 in News
Columbia, MO
Broken Clouds 56°
4pm 58°
5pm 57°
6pm 55°
7pm 53°