OMAHA, NEB.—Outdoor gear giant Bass Pro is snapping up rival Cabela’s in a $4.5 billion (U.S.) deal announced Monday. Bass Pro is paying Cabela’s shareholders $65.50 cash per share, a 19 per cent premium to Friday’s closing price. Bass Pro currently has four Canadian stores. The deal also creates uncertainty about jobs in Cabela’s home state of Nebraska. Cabela’s employs about 2,000 people in the western Nebraska town of Sidney, which has about 7,000 residents.

Source: thestar October 03, 2016 17:26 UTC