Cabela’s shareholders approve sale to Bass Pro
SIDNEY, Neb. (AP) — Cabela’s shareholders are giving a nod to the sale of the outdoor outfitter to rival Bass ProShops for roughly $4 billion.
The Nebraska chain said Tuesday that shareholders approved a deal, announced in October, which will pay them $61.50 per share.
Sporting goods retailers, like the rest of the retail sector, has been under pressure because of changing shopping patterns.
Company officials have said they expect the sale to close later this year, but bank
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