SPRINGFIELD, Mo. & SIDNEY, Neb.--(BUSINESS WIRE)-- Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies, today announced they have successfully completed the transaction in which Bass Pro Shops acquired Cabela’s for $61.50 per share in cash, representing an aggregate transaction value of approximately $5.0 billion. As a result of the completion of this transaction, Cabela’s common stock will no longer be listed for trading on the New York Stock Exchange. The completion of this transaction...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today reported financial results for the second quarter fiscal 2017. For the quarter, on a GAAP basis, total revenue decreased 4.2% to $890.4 million, revenue from retail store sales decreased 6.7% to $601.7 million, Internet and catalog sales decreased 3.9% to $135.7 million, and Financial Services revenue increased 9.0% to $147.2 million. For the quarter, comparable store sales decreased 9.3%. For the quarter, net income decreased 24.9% to $28.3 milli...
The independent financial analyst theScreener just lowered the general evaluation of CABELA'S INCO. (US), active in the Specialty Retailers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 1, 2017, the closing price was USD 56...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela's Incorporated (NYSE:CAB) announced today it is scheduled to release second quarter 2017 financial results before the market opens on Thursday, August 3, 2017. Cabela’s will not host a conference call with analysts and investors or provide guidance in connection with the results and does not plan to do so for future quarters while the acquisition of the Company by Bass Pro Shops is pending. About Cabela's Incorporated Cabela's Incorporated, headquartered in Sidney, Nebraska, is ...
SIDNEY, Neb.--(BUSINESS WIRE)-- 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 shareho...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission (“SEC”) in connection with the Special Meeting of Stockholders (the “Special Meeting”) to approve the previously announced acquisition of Cabela’s by Bass Pro Shops. The Special Meeting is scheduled to be held on July 11, 2017, at 8:00 a.m. local time. The meeting will be held at the Company’s corporate headquarters, One Cabela Drive, Sidney, Nebraska 69...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today reported financial results for the first quarter fiscal 2017. For the quarter, on a GAAP basis, total revenue decreased 3.4% to $834.9 million, revenue from retail store sales decreased 3.9% to $542.0 million, Internet and catalog sales decreased 12.6% to $136.1 million, and Financial Services revenue increased 6.5% to $150.0 million. For the quarter, U.S. comparable store sales decreased 9.1% and consolidated comparable store sales decreased 8.9%. ...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today announced that it has entered into agreements with subsidiaries of Synovus Financial Corp. (NYSE:SNV) and Capital One Financial Corporation (NYSE:COF) (“Capital One”) (the “Bank Transaction Agreements”) in connection with the sale of the assets and liabilities of Cabela’s wholly owned bank subsidiary, World’s Foremost Bank (the “Bank”). Under the terms of the Bank Transaction Agreements, Synovus Bank (“Synovus”), a bank subsidiary of Synovus Financial Corp...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela's Incorporated (NYSE:CAB) announced today it is scheduled to release first quarter 2017 financial results before the market opens on Thursday, May 4, 2017. Cabela’s will not host a conference call with analysts and investors or provide guidance in connection with the results and does not plan to do so for future quarters while the acquisition of the Company by Bass Pro Shops is pending. About Cabela's Incorporated Cabela's Incorporated, headquartered in Sidney, Nebraska, is a le...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today reported financial results for the fourth quarter and fiscal year ended December 31, 2016. As previously disclosed, the Company’s fourth fiscal quarter and fiscal year ended December 31, 2016, included 13 weeks and 52 weeks, respectively, while its fourth fiscal quarter and fiscal year ended January 2, 2016, included 14 weeks and 53 weeks, respectively. For the quarter, on a GAAP basis, total revenue decreased 4.9% to $1.3 billion, revenue from retail stor...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela's Incorporated (NYSE:CAB) announced today it is scheduled to release fourth quarter and full year 2016 financial results before the market opens on Thursday, February 16, 2017. Cabela’s will not host a conference call with analysts and investors or provide guidance in connection with the results and does not plan to do so for future quarters while the acquisition of the Company by Bass Pro Shops is pending. About Cabela's Incorporated Cabela's Incorporated, headquartered ...
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SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of hunting, fishing and outdoor gear, announced today it will expand its presence in Texas by bringing the company’s unique retail experience and new store design to El Paso. The store will join the new West Towne Marketplace development located off Exit 8 of Interstate 10 near Paseo del Norte, offering customers a convenient location in an expanding shopping area. River Oaks Properties, El Paso’s premier retail developer, is the...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Cabela’s Incorporated (NYSE: CAB)? Did you purchase any of your shares prior to October 3, 2016? Do you think the proposed buyout price is too low? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Cabela’s Incorporated (“Cabela’s” or the “Company”) (NYSE: CAB) regarding ...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela’s Incorporated (NYSE:CAB) today reported financial results for third quarter fiscal 2016. The Company accelerated the timing of its earnings press release so that it could provide financial information to certain third parties in connection with the pending acquisition of the Company by Bass Pro Shops. For the quarter, total revenue increased 7.6% to $996.5 million; revenue from retail store sales increased 8.1% to $688.6 million; Internet and catalog sales increased 3.6% to $167.4 milli...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Cabela’s Incorporated (NYSE: CAB) (“Cabela’s” or the “Company”) relating to the proposed buyout of Cabela’s by Bass Pro Shops. Under the terms of the agreement, Cabela’s shareholders are anticipated to receive $65.50 in cash for each share of Cabela’s common stock held. The firm’s ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Cabela’s Incorporated (“Cabela’s”) (NYSE:CAB) stock prior to October 3, 2016. You are hereby notified that Levi & Korsinsky, LLP is continuing an investigation into the fairness of the sale of Cabela’s to Bass Pro Shops for $65.50 per share. To learn more about the action and your rights, go to: http://zlk.9nl.com/cabelas-cab or contact Joseph E. Levi, Esq. e...
SIDNEY, Neb.--(BUSINESS WIRE)-- Cabela's Incorporated (NYSE:CAB) announced today it is scheduled to release third quarter 2016 financial results before the market opens on Thursday, October 27, 2016. Cabela’s will not host a conference call with analysts and investors or provide guidance in connection with the results and does not plan to do so for future quarters while the acquisition of the Company by Bass Pro Shops is pending. The Company plans to file its quarterly report on form 10-Q the same day as the earnings release. ...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Cabela’s Incorporated (“Cabela’s”) (NYSE: CAB) concerning the merger with Bass Pro Shops. Under the terms of the agreement, valued at approximately $5.5 billion, Cabela’s shareholders will only receive $65.50 in cash per share held. If you are an affected investor, and you want to learn more about t...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Cabela’s Incorporated (NYSE: CAB) (“Cabela’s” or the “Company”) relating to the proposed buyout of Cabela’s by Bass Pro Shops. Under the terms of the agreement, Cabela’s shareholders are anticipated to receive $65.50 in cash for each share of Cabela’s common stock held. The firm’s ...
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