Bass Pro Shops Recently Acquired Cabela's, Which Is Also An Outdoor Retailer And Rival To The Store
It was recently announced that Bass Pro Shops will be acquiring Cabela's, an outdoor retailer. Cabela's announced last year, that it was looking to explore strategic alternatives. Since then, many offers have come in, but nothing was decided by the company; until now.
As New York Times writer Leslie Picker relates in her article: "After about 10 months of anticipation, Cabela’s said Monday that it planned to sell its core retail business to Bass Pro Shops for $5.5 billion. The deal marries Cabela’s 19,000 employees with Bass Pro Shop’s 20,000, and adds 85 Cabela’s stores to Bass Pro Shops’ 99. Bass Pro Shops also operates the White River Marine Group, which makes fishing boats."
Check this full article at The New York Times right here.
-MRV: The Buzz