UPDATE: Cabela's (CAB) Gains; Bass Pro, Sycamore Consortia Said to Be Final Bidders
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Bass Pro Shops to Acquire Cabela's (CAB) in ~$5.5B Deal
October 3, 2016 8:13 AM EDTBass Pro Shops and Cabelas Incorporated (NYSE: CAB) announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabelas for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.
In addition, upon closing Bass Pro Shops will commence a multi-year partnership agreement with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation (NYSE: COF), under which Capital One will originate and service the Cabelas CLUB, Cabelas co-branded credit card, and... More
