Bass Pro Shop To Buy Cabela’s for $5.5 Billion
Cabela's and Bass Pro Shop have similar qualities. They both sell fishing gear, hunting gear, outdoor stuff, boats, guns and yummy roasted cashew nuts. Both aim to serve sportsmen and women. But in the first half of 2016, Cabela's sales dropped 1.3%. The board of directors unanimously approved the buy out for early 2017 but still has to be passed by Cabela's shareholders and other closing procedures. There is no word on what this means for jobs, etc.