Bass Pro criticizes Cabela’s performance after agreeing to acquisition

In the months after Bass Pro Shops agreed to acquire Cabela’s, leadership of Springfield-based Bass Pro was critical of the business performance of its Nebraska-based rival.

Documents recently filed by Cabela’s with the Securities and Exchange Commission state that Bass Pro expressed disappointment “on several occasions” between early October — when the deal was announced — and late February.

Those comments, the documents reveal, prompted Cabela’s management to begin to fear Bass Pro might seek to pay even less than $61.50 per share for the company — a figure that already represented a $4 per share discount compared to the price announced in October.

In a statement issued this month, Bass Pro spokesman Jack Wlezien said the company is “steadfast in our enthusiasm about the opportunity to combine our two companies.”

Read more: Springfield News-Leader


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