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Bass Pro's Cabela acquisition leaves a town in suspense


Monday's announcement that the merger is closed didn't address how many of the roughly 2,000 Cabela's jobs will remain in Sidney, Nebraska.


The uncertainty about Cabela's future in Sidney has hurt business and slowed down the local real estate market in the town of fewer than 7,000.


As part of the deal, Cabela's credit-card unit was sold to Synovus ( SNV ) bank, which received $75 million to act as a middleman.


Both outdoor companies had humble beginnings that they highlighted in a video about the merger posted for customers Monday.


Bass Pro got its start in 1971 when founder Johnny Morris began selling high-quality fishing tackle in his dad's liquor store in Springfield.




READ MORE (CBS News)


  • 7 questions answered about Bass Pro Shops, Cabela's mergerDayton Daily News
  • Missouri-based Bass Pro and Cabela's officially join forcesMissourinet.com
  • Bass Pro's $5 billion deal to buy Cabela's is completeNorth Platte Telegraph
  • Bass Pro-Cabela's deal complete; HQ will be in Springfield, MissouriThe Daily Nonpareil
  • Bass Pro Shops merges with Cabela'sAppsforPCdaily
  • Cabela's completes $4B merger with Bass Pro ShopsAllentown Morning Call
  • Bass Pro Shops closes deal to buy Cabela'sKARE
  • Bass Pro Shops completes $4 billion acquisition of Cabela'sCrain's Detroit Business
  • Bass Pro, Cabela's complete mergerFox Business


This post first appeared on The 5th News, please read the originial post: here

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Bass Pro's Cabela acquisition leaves a town in suspense

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