USA: Bass Pro Shops is buying Cabela’s for $5.5 billion
The wilderness-themed store Bass Pro Shops is buying Cabela’s for $65.50 per share, or about $5.5 billion.
The outdoor-recreation retailers are expected to close the deal in the first half of 2017.
Bass Pro Shops is also launching a new credit-card partnership with a banking subsidiary of Capital One.
Guggenheim Securities was Cabela’s exclusive financial adviser, and JPMorgan was the sole financial adviser to Bass Pro Shops.
Goldman Sachs advised Bass Pro Shops on the bank transaction and provided debt financing, while Bank of America Merrill Lynch, Wells Fargo, Citigroup, RBC, and UBS are providing debt financing. The Kessler Group and Credit Suisse advised Capital One.
Source: Business Insider
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