After months of rumor and speculation, Bass Pro Shops has announced it will acquire longtime competitor Cabela’s for about $5.5 billion, which equates to $65.50 per share. The transaction is expected to close in the first half of 2017, subject to the customary conditions and review.
In recognition of their efforts, the NRA Hunters’ Leadership Forum (HLF) honored the founders of Cabela's with its inaugural NRA Distinguished Hunters Leadership Award at the HLF’s National Luncheon held during the NRA Annual Meetings and Exhibits in Nashville on April 10.
Cabela's, Inc. has announced the passing of Richard N. Cabela, company co-founder and Chairman Emeritus. Cabela died in his home in Sidney, Neb., on Monday, Feb. 17. He was 77.