Bass Pro Shops lowers acquisition price for Cabela's

DENVER BUSINESS JOURNAL - Bass Pro Shops is lowering the price it will pay to buy rival outdoor sports retailer Cabela's Inc. — both of which have Colorado stores — as part of an amended merger agreement.

Springfield, Missouri-based BPS Direct, which does business as Bass Pro Shops, will now acquire Sidney, Nebraska-based Cabela's (NYSE: CAB) for $61.50 per share in cash, or about $5 billion. In the original deal announced in October, Bass Pro Shops agreed to pay $65.60 per share, or about $5.5 billion, for Cabela's.

In Colorado, Cabela's has stores in Lone Tree, Thornton and Grand Junction. Bass Pro Shops has locations in northeast Denver and Colorado Springs.

Read more at Denver Business Journal

© 2017 American City Business Journals.


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