timberland 6 inch Bass Pro Shops officially buys Cabela’s
Outdoor giants Bass Pro Shops and Cabela have officially joined forces a vision to become North America premier outdoor and conservation company, the company announced. The company was sold for about $4 billion.
we move forward, we are committed to retaining everything customers love about both Bass Pro Shops and Cabela by creating a experience that includes the superior products,
outstanding customer service and exceptional value our customers have come to expect, said Bass Pro Shops founder and CEO Johnny Morris.
Bass Pro Shops had to smooth out the sale of Cabela banking assets before moving forward. Cabela Inc. has entered into agreements with Synovus Financial Corp. and Capital One Financial Corporation for the sale of Cabela banking assets and liabilities. Synovus will acquire certain assets and deposits totaling $1.2 billion.
Because Cabela is a publicly traded company and there were a number of federal regulations that need to be followed to complete the transaction.
Customers can exchange a Bass Pro Shops gift card to a Cabela gift card for an equal amount and vice versa. Gift cards are exchanged at the customer service counter in either store or by contacting our online customer service centers, the company announced.