Fox business reports that the merger of Bass Pro Shops and Cabela’s (CAB) has received the go-ahead from antitrust regulators. In a filing with the SEC, Cabela’s said Wednesday the Federal Trade Commission informed the company earlier this week that it concluded its investigation of Bass Pro’s $4.2 billion buyout. Cabela’s shareholders will vote on the deal July 11. The transaction is expected to close later this summer.
We all knew this was coming… So now, what does it mean for your favorite outdoor company and store, which for readers of BIG DEER is definitely Cabela’s?
There will be changes, anytime a sale goes through that happens. But I believe Bass Pro’s Johnny Morris, who said last year, ““We look forward to continuing to celebrate and grow the Cabela’s brand alongside Bass Pro Shops…as one unified outdoor family.
“I have enormous admiration for Cabela’s and the remarkable brand and business they have built. Cabela’s is a great American success story.”
As of now, the plan is to keep the Cabela’s headquarters in Sidney, Nebraska, and it is business as usual for all Bass Pro and Cabela’s stores. Bass Pro Shops has some 99 stores and employs about 20,000 people. Cabela’s has 19,000 employees and 85 stores in the U.S. and Canada.
A little bird in the industry told me that the new strategic plan is to build upon the incredibly strong hunting brand and market that Cabela’s has built, while their fishing and boat presence will be contracted. Bass Pro Shops will still have a hunting presence, but will carry on and continue to grow with its massive fishing and boating business.
We will have to wait and see, but that makes perfect sense to me.