Cabela’s, Bass Pro Shops merger: What’s going on now?

FILE
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FILE

After several snags along the way, the merger between outdoor retailers Bass Pro Shops and Cabela's is almost complete.

Cabela’s shareholders approved the plans to combine Cabela’s with Bass Pro Shops in July — one of the last steps to finalizing the deal. “Other steps remain on our path to unite our two organizations and we will continue to keep our customers and team members updated as we move forward,” Bass Pro Shops officials announced.

Here’s what you need to know:

1. Cabela’s will release its second quarter financial results this week — and it’s the last time they’ll do it.

Cabela’s is scheduled to release second quarter 2017 financial results before the market opens on Thursday. 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. Bass Pro Shops is a private company.

» RELATED: Bass Pro Shops is closer to officially buying Cabela’s

» RELATED: Centerville Cabela’s gives away guns on Black Friday

2. The deal is expected to close in the third quarter of 2017.

Cabela’s Incorporated 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, according to a company statement.

“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. “[The] 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.”

3. How will it affect local stores?

This news organization has reached out to the companies to see if Cabela’s gift cards will continue to be honored after the merger.

Both Bass Pro and Cabela’s have a big presence in this region. Cabela’s has a 70,000-square-foot store at 5500 Cornerstone North Blvd., in the Cornerstone at Centerville development off exit 7 of Interstate 675 near Wilmington Pike, and a location in West Chester Twp. The stores employ about 130 employees.

Bass Pro Shops has a location in Forest Fair at 300 Cincinnati Mills Drive and has had plans to build one in West Chester Twp.

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