YOUR BUSINESS AUTHORITY
Springfield, MO
Sidney, Nebraska-based Cabela’s Inc. (NYSE: CAB) disclosed the closing date of sale to Bass Pro Shops in a U.S. Securities and Exchange Commission filing.
The filing on Sept. 8 indicates the $5 billion purchase by the Springfield-based outdoor retailer will wrap up Sept. 25. The disclosure came two days after Cabela’s announced the Federal Reserve approved the sale of its World’s Foremost Bank subsidiary to Synovus Bank, the final regulatory hurdle to complete the transaction.
In an emailed statement, Bass Pro founder Johnny Morris confirmed Sept. 8 the buyout would finalize later this month, but a specific date was not concrete.
Through the purchase, Bass Pro will grow its store count to 184 from 99 and have aggregate annual revenue of roughly $8.6 billion. Morris will become CEO and majority shareholder of the combined entity, and Cabela’s will be made private as it merges into Bass Pro.
Cabela’s shares have consistently traded 13 percent above Wednesday’s closing price since the company announced the Fed’s decision. Shares were trading at $61.25 as of 8:49 a.m., compared with a 52-week range of $45 to $63.60.
The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.
Chick N Max plans Springfield debut
Executive director hired at The Victim Center
Developer seeks approval of C-Street project, including Missouri Hotel renovation
Biblical history attraction planned at former Andy Williams theater
Photo Gallery: New Fire in the Hole debuts at Silver Dollar City