You know it is a big day in the outdoor world when Cabela’s has closed its doors and sold to Bass Pro Shops! Cabela’s agreed to be bought by Bass Pro Shops in a $5.5 billion deal, and investors in the outdoor-sports equipment realm are going to see large returns.
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price. Capital One Financial Corp. is acquiring Cabela’s credit card business for an undisclosed amount.
Cabela’s, which was founded by brothers Richard, and Jim Cabela in 1961, initially voiced their concerns last year, that problems in their fall apparel and footwear contributed to a disappointing third quarter, forcing the company to really make some hard decisions.
With these changes in effect, you will likely be able to find some great deals on Cabela’s brand equipment and the savvy fly fisherman should definitely take a look, as Cabela’s offers a wide assortment of fly fishing gear including rods, reels, vests waders, footwear, apparel and fly tying equipment.
Colorado Fly Fishing Reports