Cabela’s shareholders approve sale to Bass Pro Shops

Shareholders of Cabela’s on Tuesday approved the company’s plan to merge with rival outdoor retailer Bass Pro Shops.

The deal, originally announced last October and modified in April, calls for Springfield-based Bass Pro to pay $61.50 per share for Cabela’s stores, website and catalog business.

As part of the deal, Georgia-based Synovus Bank bank will acquire Cabela’s credit card business, World’s Foremost Bank. That portion of the deal still needs to receive regulatory approval.

Cabela’s reiterated Tuesday that it expects the deal to close this quarter.

Read more: Springfield News-Leader


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