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Federal Trade Commission approves Cabela's sale to Bass Pro Shop

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Posted at 7:49 AM, Jul 05, 2017
and last updated 2017-07-05 08:49:15-04

Federal Regulators have ended their investigation into the sale of Cabela's, a Sidney-based company, to Bass Pro Shops.

According to Cabela's, the Federal Trade Commissin approved and signed off on the deal earlier this week. 

Next Tuesday, Cabela's shareholders will vote on the $4 billion deal, which would pay them each $61.50 per share. 

If approved by shareholders, Cabela's will be selling all of its stores, website, catalog business and credit card unit to Bass Pro Shops. 

Currently, Cabela's provides 2,000 jobs in Sidney but it is unclear how many of those will remain if the sale is complete.