Bass Pro Shops and Cabela's announce merger - KULR8.com | News, Weather & Sports in Billings, Montana

Bass Pro Shops and Cabela's announce merger

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BILLINGS, Mont. -

Two iconic American Outdoor shops have announced Monday they are merging.

Bass Pro Shops and Cabela's said in a new release, both companies have reached an agreement where Bass Pro Shops acquired Cabela's in a $5.5 billion deal. According to the release, this deal covers 85 specialty retail stores primarily in the western US and Canada.

Julissa Talkington, the retail marketing manager for the Cabela's in Billings said the fate of the Billings Cabela's is still unknown.

Bass Pro Shops also announced a multi-year partnership with Capital One. Capital One will help Bass Pro service the Cabela's CLUB loyalty program as well as the Cabela's credit card.

Talkington said, although the merger was announced today, changes may not be seen until 2017, and possibly longer.

In the release, Tommy Millner, Cabela's Chief Executive Officer said the Cabela's board unanimously decided this merger was the best path for Cabela, it's shareholders, outfitters and customers, saying, "Cabela's is pleased to have found the ideal partner in Bass Pro Shops." 

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