Update: Bass Pro has completed purchase of Cabelas

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News broke Tuesday that Bass Pro Shops is preparing a bid for the purchase of Cabela’s. The merger, first rumored in November, would transform the world of hunting and fishing like nothing else before it, as well as affecting the livelihoods of thousands of workers.

Reuters reported that BPS has partnered with Goldman Sach’s private equity firm to provide the financing needed to purchase Cabela’s. While the bid amount and a potential date for the purchase are still unknown, the report said BPS is facing competition from other unnamed buyout firms and has only begun the lengthy process required to buy Cabela’s. Competition is limited because firms are hesitant to purchase brands associated with firearms in the current political and legislative atmosphere, but it still exists.

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