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Re: Sportsman’s Warehouse Good News [Re: cumminscowboy] #16681758 12/03/21
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Remsen Offline
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Originally Posted by cumminscowboy
this is awesome!!! in the story it says bass pro also has to pay $55 million to terminate its offer. this is actually something good biden has done. the feds blocked the merger.


I'm not familiar with this transaction, but when I worked at big law firms I was involved in a number of large acquisitions. It's typical to build in a "break fee" in to the agreement in the event things happen prior to the deal closing, with regulatory issues being one of the big ones.

One deal I worked on involved my client acquiring a publicly traded medical insurance company and we knew that there was a high likelihood that the regulators would require some form of business unit divestment to approve the deal since both buyer and seller were in the same business with overlapping customers. Of course, the regulators did what was expected and the deal was restructured and then it closed.

It's not Biden who did this, it's a longstanding part of federal antitrust regulation of transactions. It happens all the time, which is why we always put break fees in to deals where both buyer and seller are in the same market space.


I hate lawyers and Jews.
BP-B2

Re: Sportsman’s Warehouse Good News [Re: Remsen] #16681810 12/03/21
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Originally Posted by Remsen
Originally Posted by cumminscowboy
this is awesome!!! in the story it says bass pro also has to pay $55 million to terminate its offer. this is actually something good biden has done. the feds blocked the merger.


I'm not familiar with this transaction, but when I worked at big law firms I was involved in a number of large acquisitions. It's typical to build in a "break fee" in to the agreement in the event things happen prior to the deal closing, with regulatory issues being one of the big ones.

One deal I worked on involved my client acquiring a publicly traded medical insurance company and we knew that there was a high likelihood that the regulators would require some form of business unit divestment to approve the deal since both buyer and seller were in the same business with overlapping customers. Of course, the regulators did what was expected and the deal was restructured and then it closed.

It's not Biden who did this, it's a longstanding part of federal antitrust regulation of transactions. It happens all the time, which is why we always put break fees in to deals where both buyer and seller are in the same market space.
why do you think bass pro wanted the deal? They have operated cabelas like they are trying to sabotage it, reminds me of how the Remington deal went down

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16681848 12/03/21
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You’re right....that is good news! Now.....if they just had one in Billings! memtb


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Re: Sportsman’s Warehouse Good News [Re: Oldelkhunter] #16681879 12/03/21
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Originally Posted by Oldelkhunter
Originally Posted by FatCity67
Tucker had a segment on Cabela's merger and vulture capitalism couple years back.


People should have been jailed for that.

Quote
There are some things that should be understood. The 11% share of Cabelas owned by the hedge fund and fund manager that is being accused of being the cause for what happened in Sidney used investors money to buy the 11% stake. The 11% stake was bought to force Cabelas into a quick sell position or an accelerated selling position. Who would want this? Who all would benefit from this? And besides, the buyer of Cabelas is the one that shutdown the Sidney operation not the hedge fund manager. Why was Cabelas firing and laying off people right before the transaction? This has been called doing someone's dirty work in other situations in order for the buyer to have less severance to payout.



Everyone thinks that Cabelas was ruined by BPS. It was ruined several years before the merger. I saw this on the retail end when they chepeaned everything, stopped their outfitter series and customer service tanked.

Re: Sportsman’s Warehouse Good News [Re: Remsen] #16682211 12/03/21
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Originally Posted by Remsen
Originally Posted by cumminscowboy
this is awesome!!! in the story it says bass pro also has to pay $55 million to terminate its offer. this is actually something good biden has done. the feds blocked the merger.


I'm not familiar with this transaction, but when I worked at big law firms I was involved in a number of large acquisitions. It's typical to build in a "break fee" in to the agreement in the event things happen prior to the deal closing, with regulatory issues being one of the big ones.

One deal I worked on involved my client acquiring a publicly traded medical insurance company and we knew that there was a high likelihood that the regulators would require some form of business unit divestment to approve the deal since both buyer and seller were in the same business with overlapping customers. Of course, the regulators did what was expected and the deal was restructured and then it closed.

It's not Biden who did this, it's a longstanding part of federal antitrust regulation of transactions. It happens all the time, which is why we always put break fees in to deals where both buyer and seller are in the same market space.


Remsen,

Thanks for this explanation. In this case what did BP get for their $55M? Was that the price for SW to sit down at the table?


Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
IC-A

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16682284 12/03/21
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Good news indeed, the one here is usually pretty well stocked. Ordering guns is easy. Prices are pretty decent, and I get a 10% to 20% discount occasionally on anything but ammo.

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16682301 12/03/21
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We don't have one anywhere near me.

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16682586 12/03/21
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I went into a Sportsman's Warehouse for the first time last week. I was blown away byt the amount of stock they had on everything....but they didn't have a lot of ammo, etc like everybody else. The ammo they had was at a decent price for the more common rounds. Their fishing stuff was amazing.

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16682668 12/03/21
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I loved going to Sportsmans Warehouse when we had a few in Wisconsin. I am an FFL dealer. I had a customer that wanted to order a gun this week. It was a Remington and he looked hi and low to find one. He found one at SWI guess in Utah if that is where they are headquartered. Since they did not have a copy of my license I called them up and they said that they had to vet me first..WTF
Q1. What is your zip code? There reason was that if they have an FFL on file from a dealer within 25 miles of me. The gun will have to be shipped to them. WTF This customer lives close to me I have handled several transfers for him.
I have never run into this before EVER.I have been doing it for 11 years. Buds Gun,PSA, KY GUN COand many other big companies do not give 2 [bleep] who gets the gun as long as the license is valid. I find this to be a [bleep] policy and may have been to hard on the guy as he doesn't make the policy but it was so beyond stupid I couldn't help myself. Anyway I do like SW just not this [bleep] policy. Off the soap box



Power corrupts; absolute power corrupts absolutely
Re: Sportsman’s Warehouse Good News [Re: kingston] #16689028 12/05/21
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Originally Posted by kingston
Originally Posted by Remsen
Originally Posted by cumminscowboy
this is awesome!!! in the story it says bass pro also has to pay $55 million to terminate its offer. this is actually something good biden has done. the feds blocked the merger.


I'm not familiar with this transaction, but when I worked at big law firms I was involved in a number of large acquisitions. It's typical to build in a "break fee" in to the agreement in the event things happen prior to the deal closing, with regulatory issues being one of the big ones.

One deal I worked on involved my client acquiring a publicly traded medical insurance company and we knew that there was a high likelihood that the regulators would require some form of business unit divestment to approve the deal since both buyer and seller were in the same business with overlapping customers. Of course, the regulators did what was expected and the deal was restructured and then it closed.

It's not Biden who did this, it's a longstanding part of federal antitrust regulation of transactions. It happens all jthe time, which is why we always put break fees in to deals where both buyer and seller are in the same market space.


Remsen,

Thanks for this explanation. In this case what did BP get for their $55M? Was that the price for SW to sit down at the table?


BUMP


Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
IC-B

Re: Sportsman’s Warehouse Good News [Re: Remsen] #16689079 12/05/21
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Originally Posted by Remsen
Originally Posted by cumminscowboy
this is awesome!!! in the story it says bass pro also has to pay $55 million to terminate its offer. this is actually something good biden has done. the feds blocked the merger.


I'm not familiar with this transaction, but when I worked at big law firms I was involved in a number of large acquisitions. It's typical to build in a "break fee" in to the agreement in the event things happen prior to the deal closing, with regulatory issues being one of the big ones.

One deal I worked on involved my client acquiring a publicly traded medical insurance company and we knew that there was a high likelihood that the regulators would require some form of business unit divestment to approve the deal since both buyer and seller were in the same business with overlapping customers. Of course, the regulators did what was expected and the deal was restructured and then it closed.

It's not Biden who did this, it's a longstanding part of federal antitrust regulation of transactions. It happens all the time, which is why we always put break fees in to deals where both buyer and seller are in the same market space.

Thanks for the clarification of how these deals work. Your input is always appreciated!

Re: Sportsman’s Warehouse Good News [Re: kingston] #16689106 12/05/21
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I won't go into a Cabellas or B P.........................

they are always outta bun wad.

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Re: Sportsman’s Warehouse Good News [Re: Stammster] #16689708 12/05/21
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Good news

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16690433 12/05/21
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It’s good that SW wasn’t swallowed up by Bass Pro. We are 15-20 min from the large Wheeling WV Cabelas. I used to enjoy going there. Place went to pot shortly before the merger. I haven’t stopped in in years. Plenty of people do though, parking lot seems to always have lots of vehicles.

Do visit the Morgantown WV SW when I’m in the area and have use them for online purchases.

Re: Sportsman’s Warehouse Good News [Re: Stammster] #16690624 12/05/21
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Glad they didn't merge, but I'm not sure how I feel about them.

I can't find sandals there after Labor Day and before Easter.

I mean, it's not like we're in MN, MT, or AK.

Whoopity Sheesh.


The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)

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Re: Sportsman’s Warehouse Good News [Re: Springcove] #16690671 12/05/21
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Originally Posted by Springcove
That actually is good news. Bass Pro and it’s owner sucks. They have ruined Cabela’s.


Bass pro didn't destroy Cabelas , Paul Singer did that. Bass pro bought the mess and hasn't done much with it.


Never take life to seriously, after all ,no one gets out of it alive.
Re: Sportsman’s Warehouse Good News [Re: Stammster] #16690722 12/05/21
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BP is beyond worthless... why in the fugg anyone goes there anymore is beyond any comprehension I can manage.

I had a $200 gift card (or something like that)... tried to spend it... seriously... ON ANYTHING... walked out with a bunch of the famous socks... and revised "NON-LIFETIME" warranty.

Pure crap store anymore. Only fools shop there.


"The Republic Is Lost" November 4, 2020 deflave


Re: Sportsman’s Warehouse Good News [Re: sidepass] #16690733 12/05/21
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Originally Posted by sidepass
Originally Posted by Springcove
That actually is good news. Bass Pro and it’s owner sucks. They have ruined Cabela’s.


Bass pro didn't destroy Cabelas , Paul Singer did that. Bass pro bought the mess and hasn't done much with it.

Point ceded, but of all the options available, all chosen have been horrible for Cabela's.


Mark Begich, Joaquin Jackson, and Heller resistance... Three huge reasons to worry about the NRA.
Re: Sportsman’s Warehouse Good News [Re: Stammster] #16690856 12/05/21
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That is great news.
Sure wish there was a SW in the KC area
BPS and Cabelas suck balls
There is a Scheels,but it's not often that I am in that area


Just because you're offended doesn't mean your right.
Re: Sportsman’s Warehouse Good News [Re: sidepass] #16719995 12/13/21
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Originally Posted by sidepass
Originally Posted by Springcove
That actually is good news. Bass Pro and it’s owner sucks. They have ruined Cabela’s.


Bass pro didn't destroy Cabelas , Paul Singer did that. Bass pro bought the mess and hasn't done much with it.

How do you figure that?

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