Market Overview

Cabela's Stockholders Approve Combination with Bass Pro Shops

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Cabela's Incorporated (NYSE:CAB) today announced that its shareholders
have approved the previously announced combination of Cabela's with Bass
Pro Shops. The final vote results will be filed on a Form 8-K with the
Securities and Exchange Commission. The transaction is expected to close
in the third quarter of 2017, subject to regulatory approvals and
customary closing conditions.

"We are pleased that our combination with Bass Pro Shops has received
the overwhelming support of Cabela's shareholders," said Tommy Millner,
Cabela's Chief Executive Officer. "Today's results are an important
milestone as we look forward to completing the merger and creating the
premier retailer in outdoor sporting goods, with an unparalleled
commitment to customer loyalty and satisfaction."

About Cabela's Incorporated

Cabela's Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty omni-channel retailer of hunting, fishing, camping, shooting
sports, and related outdoor merchandise. Since the Company's founding in
1961, Cabela's® has grown to become one of the most well-known outdoor
recreation brands in the world, and has long been recognized as the
World's Foremost Outfitter®. Cabela's offers a wide and distinctive
selection of high-quality outdoor products at competitive prices while
providing superior customer service. Cabela's also issues the Cabela's
CLUB® Visa credit card, which serves as its primary customer loyalty
rewards program. Cabela's stock is traded on the New York Stock
Exchange under the symbol "CAB".

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" that are based
on the Company's beliefs, assumptions, and expectations of future
events, taking into account the information currently available to the
Company. All statements other than statements of current or historical
fact contained in this press release are forward-looking statements. The
words "believe," "may," "should," "anticipate," "estimate," "expect,"
"intend," "objective," "seek," "plan," "confident," and similar
statements are intended to identify forward-looking statements.
Forward-looking statements involve risks and uncertainties that may
cause the Company's actual results, performance, or financial condition
to differ materially from the expectations of future results,
performance, or financial condition the Company expresses or implies in
any forward-looking statements. These risks and uncertainties include,
but are not limited to: the satisfaction of the conditions precedent to
the consummation of the proposed merger, including, without limitation,
the receipt of regulatory approval; unanticipated difficulties or
expenditures relating to the proposed merger; legal proceedings,
judgments or settlements, including those that may be instituted against
the Company, the Company's board of directors, executive officers and
others following the announcement of the proposed merger; disruptions of
current plans and operations caused by the announcement and pendency of
the proposed merger; potential difficulties in employee retention due to
the announcement and pendency of the proposed merger; the response of
customers, suppliers, business partners and regulators to the
announcement of the proposed merger; the state of the economy and the
level of discretionary consumer spending, including changes in consumer
preferences, demand for firearms and ammunition, and demographic trends;
adverse changes in the capital and credit markets or the availability of
capital and credit; the Company's ability to successfully execute the
Company's omni-channel strategy; increasing competition in the outdoor
sporting goods industry and for credit card products and reward
programs; the cost of the Company's products, including increases in
fuel prices; the availability of the Company's products due to political
or financial instability in countries where the goods the Company sells
are manufactured; supply and delivery shortages or interruptions, and
other interruptions or disruptions to the Company's systems, processes,
or controls, caused by system changes or other factors; increased or
adverse government regulations, including regulations relating to
firearms and ammunition; the Company's ability to protect the Company's
brand, intellectual property, and reputation; the Company's ability to
prevent cybersecurity breaches and mitigate cybersecurity risks; the
outcome of litigation, administrative, and/or regulatory matters
(including the ongoing audits by tax authorities and compliance
examinations by the Federal Deposit Insurance Corporation); the
Company's ability to manage credit, liquidity, interest rate,
operational, legal, regulatory capital, and compliance risks; the
Company's ability to increase credit card receivables while managing
credit quality; the Company's ability to securitize the Company's credit
card receivables at acceptable rates or access the deposits market at
acceptable rates; the impact of legislation, regulation, and supervisory
regulatory actions in the financial services industry; and other risks,
relevant factors, and uncertainties identified in the Company's filings
with the Securities and Exchange Commission ("SEC") (including the
information set forth in the "Risk Factors" section of the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2016,
and in subsequent filings), which filings are available at the SEC's
website at www.sec.gov.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements. The
Company's forward-looking statements speak only as of the date of this
press release. Other than as required by law, the Company undertakes no
obligation to update or revise forward-looking statements, whether as a
result of new information, future events, or otherwise.

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