Deals
Cabela’s Agrees to Buyout by Bass Pro in $5.5 Billion Deal
- Capital One will acquire Cabela’s credit card portfolio
- Deal marks victory for activist investor Elliott Associates
Bass Pro Shop Reels In Cabela's in $5.5 Billion Deal
This article is for subscribers only.
Cabela’s Inc. agreed to be bought by Bass Pro Shops in a $5.5 billion deal, handing a victory to the activist investor that had been pushing the outdoor-sports equipment retailer to put itself for sale.
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a statement. Capital One Financial Corp. is acquiring Cabela’s credit card business for an undisclosed amount, according to a separate statement.