Bass Pro Shops Acquires Cabela's
Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.
Bass Pro Shops and Cabela’s Incorporated announced that they have entered into a definitive agreement, according to a press release from Bass Pro Shops.
Bass Pro Shops will commence a multi-year partnership agreement with Capital One, National Association.
Capital One will originate and service the Cabela’s CLUB, Cabela’s co-branded credit card.
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 credit cards as they were prior to the transaction.
Capital One intends to continue to operate the Cabela’s CLUB servicing center in Lincoln, Nebraska.
Bass Pro Shops was founded in 1972 in Springfield, Missouri.