Outdoor gear giant Bass Pro is snapping up rival Cabela's in a $4.5 billion US deal announced Monday. Bass Pro is paying Cabela's shareholders $65.50 US cash per share, a 19 per cent premium to Friday's closing price. Cabela's has 85 outlets, mainly in the western U.S. and Canada, while Bass Pro Shops has 99 stores and Tracker Marine Centers, primarily located in the eastern part of the U.S. and Canada. "We'll just have to wait and see what Bass Pro does. Bass Pro founder and CEO Johnny Morris said he hopes to continue growing the Cabela's brand alongside his privately-held Springfield, Missouri, based chain.

Source: CBC News October 03, 2016 14:55 UTC