(Heather Ziegler contributed to this story. The transaction, which is expected to close in the first half of 2017, will be completed through a cash merger and is subject to approval by Cabela’s shareholders, as well as regulatory approvals and other customary closing conditions.
The transaction agreements were unanimously approved by Cabela’s Board of Directors following a comprehensive review of strategic and financial alternatives.
Cabelas recent news pro#
Capital One intends to continue to operate the Cabela’s CLUB servicing center in Lincoln, Nebraska.īass Pro Shops, founded in 1972 by avid young angler Johnny Morris, is a leading national retailer of outdoor gear and apparel, with 99 stores and Tracker Marine Centers located primarily in the eastern part of the U.S. Over the past 55 years Cabela’s has built a passionate and loyal base of millions of enthusiasts who shop both at its retail stores and online.Īll Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their credit cards as they were prior to the transaction. Cabelas (CAB) News Today Notice: This company has been marked as potentially delisted and may not be actively trading. Cabela’s stores, catalog business and e-commerce operations will blend seamlessly with Bass Pro Shops and White River Marine Group. Today, Cabela’s has over 19,000 “outfitters” operating 85 specialty retail stores, primarily in the western U.S. In addition to providing significant immediate value to our shareholders, this partnership provides a unique platform from which our brand will be extremely well positioned to continue to serve outdoor enthusiasts worldwide for generations to come.”įounded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a highly respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise. “Having undertaken a thorough strategic review, during which we assessed a wide variety of options to maximize value, the Board unanimously concluded that this combination with Bass Pro Shops is the best path forward for Cabela’s, its shareholders, outfitters and customers. Officials with Bass Pro Shops and Cabelas announced the opening of its fourth Greater Houston-area destination retail superstore in Spring via a Feb. “Cabela’s is pleased to have found the ideal partner in Bass Pro Shops,”said Tommy Millner, Cabela’s chief executive officer. Upon finalizing the contract, Bass Pro Shops will begin a multi-year partnership agreement with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation, under which Capital One will originate and service the Cabela’s CLUB, Cabela’s co-branded credit card, and Bass Pro Shops will maintain a seamless integration between the credit card program and the combined companies’ retail operations and deep customer relationships. Find top brands on scopes, tripods, gun vises, ear plugs, knives. He is identified as 18-year-old Joseph Montoya.Cabela’s also operates a store in Charleston, W.Va. Discover American Outdoor Brands hunting gear and shooting accessories.
Cabelas recent news driver#
Police arrested the driver who took Velasquez to Cabela’s. Mellany Armstrong/WDEL The new Cabelas store at the Christiana Mall will aim to provide their customary outdoors-focused. Velasquez is at UNM Hospital where he is listed in critical condition. State police say that Velasquez fired first and that’s when the officer returned fire. reported earnings that missed expected at 0.53 compared to expected of 0.82 and last year at 0.71. When the manager said “yes,” the state police officer confronted Velasquez.
They say when the manager escorted him out, Velasquez took out and pointed his gun.Īn off-duty state police officer saw it happen and asked if Velasquez took his gun out. State police say that 18-year-old Gabriel Velasquez was attempting to steal ammunition but was confronted by the store manager. Albuquerque: Actors picket outside Netflix studio complex in Albuquerque.Local News: Following abuse allegations, New Mexico is reworking the state’s Developmental Disabilities program A new hotel beside Carowinds could add more options for park guests, and serve a growing business community in its area of Fort Mill.Crime: Former corrections officer facing civil lawsuit for alleged sexual abuse A new hotel beside Carowinds could add more options for park guests, and serve a growing business community in its area of Fort Mill.New Mexico: Over 100,000 New Mexicans no longer have suspended driver’s licenses.
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