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Cabela's shareholders approve sale to Bass Pro Shop

The companies are one step closer to merging
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Posted at 11:35 AM, Jul 11, 2017
and last updated 2017-07-11 12:35:01-04

After antitrust regulators signed off on the deal last week, Cabela's shareholders voted to sell the Nebraska-based company to Bass Pro Shops. 

Cabela's held a special open-and-shut meeting that lasted just 20 minutes. About 78 percent of the votes were cast in favor of of the sale. 

Cabela's stockholders will receive $61.50 per share if the deal is finalized. 

Currently, there are more than 1,000 Cabela's jobs in Sidney.