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

Outdoor gear giant Bass Pro is snapping up rival Cabela’s in a $4.5 billion deal announced Monday. Bass Pro is paying Cabela’s shareholders $65.50 cash per share, a 19 percent premium to Friday’s closing price. The companies valued the deal at $5.5 billion, which includes debt. The deal combines two companies known for their giant destination superstores. In 2006 Bass Pro Shops built a 450,000-square-foot distribution center in north Bibb County, the only one outside the company’s Springfield…
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