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Hunting, fishing, and camping retailer Bass Pro Shops is buying Cabela's for $5.5 billion
Tracker fast became and has remained the number one selling fishing boat brand in America for the last 37 years running. Creamy River Marine Group offers an unsurpassed collection of industry-leading brands including Tracker Boats, Sun Tracker, Nitro
The wilderness-themed stockpile Bass Pro Shops is buying Cabela's for $65. 50 per share, or about $5. 5 billion. The outdoor-recreation retailers are expected to close the act on in the first half of 2017. Bass Pro Shops is also launching a new credit-card partnership with a banking subsidiary of Capital One. Guggenheim Securities was Cabela's restricted financial adviser, and JPMorgan was the sole financial adviser to Bass Pro Shops. Goldman Sachs advised Bass Pro Shops on the bank minutes and provided debt financing, while Bank of America Merrill Lynch, Wells Fargo, Citigroup, RBC, and UBS are providing debt financing. --( Proprietorship WIRE )--Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies with similar humble origins, and with a shared ideal to better serve those who love the outdoors, today announced that they have entered... In addition, upon closing Bass Pro Shops will commence a multi-year partnership concordat with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation (NYSE: COF), under which Superior One... All Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their ascribe cards as they were prior to the transaction. Capital One intends to continue to operate the Cabela’s CLUB servicing center in Lincoln, Nebraska. A driving crack behind this agreement is the highly complementary business philosophies, product offerings, expertise and geographic footprints of the two businesses. The concentrate of both Bass Pro Shops and Cabela’s is a deep passion to serve outdoor enthusiasts and support conservation. The combination brings together three of the realm's premier sporting brands: Cabela’s, a leader in hunting. Bass Pro Shops, a leader in fishing. and White River Marine Bunch, a worldwide leader in boating, which is part of Bass Pro Shops. Bass Pro Shops, Cabela’s and White River Marine Group represent the superior of American entrepreneurship, innovation and devotion to customers. Founded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a highly respected marketer of hunting, fishing, camping, shooting sports and kindred outdoor merchandise. Today, Cabela’s has over 19,000 “outfitters” operating 85 specialty retail stores, primarily in the western U. S. and Canada. Cabela’s stores, catalog work and e-commerce operations will blend seamlessly with Bass Pro Shops and White River Marine Group. Over the past 55 years Cabela’s has built a lustful and loyal base of millions of enthusiasts who shop both at its retail stores and online. BASS PRO SHOPS. Bass Pro Shops, founded in 1972 by avid uninitiated angler Johnny Morris, is a leading national retailer of outdoor gear and apparel, with 99 stores and Tracker Marine Centers located ab initio in the eastern part of the U. S. and Canada. Morris started the business with eight square feet of space in the back of his father's liquor cache in Springfield, Mo. , the company’s sole location for the first 13 years of business. Johnny’s passion for the outdoors and his brook for the products and shopping experiences desired by outdoor enthusiasts helped transform the industry. Bass Pro Shops, which employs approximately 20,000 conspire members, has been named by Forbes as one of "America's Best Employers. In 1978, Morris revolutionized the marine industry when he introduced the midwife precisely's first professionally rigged and nationally marketed boat, motor and trailer packages. Tracker quickly became and has remained the integer one selling fishing boat brand in America for the last 37 years running. White River Marine Put together offers an unsurpassed collection of industry-leading brands including Tracker Boats, Sun Tracker, Nitro, Tahoe, Regency, Mako, Ranger, Triton and Stratos.
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