Bass Pro to acquire Cabelas Inc for $5.5 billion

Cabelas Inc (NYSE:CAB) shares jumped more than 15 percent on Monday following the news that Bass Pro Shops has decided to acquire Cabela in a transaction valued at $5.5 billion. The deal will combine Bass Pro’s nearly 100 stores with Cabela’s 85 stores. Last year, the Sidney, Nebraska-based company had said it would explore a …

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