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Cabela's Shareholders Approve Bass Pro Shop Merger

It only took about 35 people around 20 minutes yesterday to approve a $4 billion merger that's been lingering for months.Backed by that Cabela's CEO Tommy Milner calls "overwhelming support" the shareholders of Cabela's approved their proposed merger with Bass Pro Shops. Under the current terms, shareholders will receive $61.50/per share for the stock which has been trading in the $58.90-$59.94 range. After the merger, the companies will be based in Springfield, Missouri. No word on how many of the 1,000 workers in Cabela's Sydney, Nebraska, headquarters will be retained. Cabela's stock closed trading yesterday at $59.97, up eight cents.

Will Cabela's stores become BPS now?

I suspect BPS bought it to expand their brand name,not Cabelas.


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Real time follow-up. Found a suitable guest rod in Cabela's Bargain Cave (Star Aerial Inshore) and ordered it the other day. No shipping details relayed until I get an email saying the order was cancelled. After about a 10-minute wait on the phone with customer service to confirm, was told that they didn't have enough rods in inventory to meet demand, hence the cancellation even though the rod was still listed as available on-line.

Won't be placing any more orders with Cabelas from now on. In all fairness, looked for a few alternatives at BPS, Dick's and Academy. None of the ones I was interested in were carried in the local stores. Should have just gone to Kevin's.