Outdoor giant Bass Pro to acquire rival Cabela's for $4.5B

OMAHA, Neb. - Outdoor gear giant Bass Pro is snapping up rival Cabela's in a $4.5 billion deal announced Monday.

Bass Pro is paying Cabela's shareholders $65.50 cash per share, a 19 per cent premium to Friday's closing price. The deal combines two companies known for their giant destination superstores.

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