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Still struggling with a changing retail landscape, Cabela's agreed last October to be acquired by privately-held rival Bass Pro Shops for $65.50 per share, or about $5.5 billion, including debt.
As part of the merger with Bass Pro Shops, Cabela's sold the World's Foremost Bank aspect of their business, including over $1 billion in assets, to Synovus Financial Corp. and Capital One Financial Corp. [73] After the deal was completed, Synovus planned to sell the credit card assets and related liabilities to Capital One Bank (USA) NA. [74]
Bass Pro Shops and Cabela's operates retail locations in the United States, as well as in Canada. [34] The most common stores are Outdoor World stores. [34] Their largest store is the Pyramid in Memphis, Tennessee. [35] As of January 2023, the company operates 177 Bass Pro Shops and Cabela's stores combined.
The museum helps bring visitors to Bass Pro's store there, with which it shares a location. [9] [10] In September 2017, Bass Pro acquired Cabela's, another retailer of outdoor merchandise, for $4 billion. [11] Morris and his family were presented with the Audubon Medal in February 2019, in recognition of their conservation efforts. [12]
An iconic American outdoor company will acquire the respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise.
Gander Mountain sold its mail order business to Cabela's in 1996 with a no-compete clause. [17] In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~$99.1 million in 2023) from a private-equity firm.
Bass Pro Shops (Springfield) Caleres ; Centene Corporation ; Columbia Insurance Group ; Commerce Bancshares (Kansas City) Dierbergs Markets (Chesterfield) Drury Hotels (Creve Coeur) Edward Jones Investments ; Emerson Electric ; Energizer (Town and Country) Enterprise Rent-A-Car ; Express Scripts (St. Louis County)
Elliot Management, in particular an expose on Paul Singer featured by Tucker Carlson, was criticized for their handling of Cabela's headquarters following the acquisition and sale to Bass Pro Shops, due to the massive layoffs in the town of Sidney, Nebraska. [69]