Good news!
Sportsman’s Warehouse Holdings Inc., a retailer for outdoor equipment, slipped in late trading after announcing its planned merger with the owner of the Bass Pro Shops chain was canceled.
https://www.msn.com/en-us/money/com...egulatory-pushback/ar-AARp7bx?li=BBnb7Kz
That actually is good news. Bass Pro and it’s owner sucks. They have ruined Cabela’s.
I was in SW today buying Christmas gifts. The guy said I had $85 worth of points saved up and that I could redeem it now.
Sweet!
They always made you redeem online before.
Great move on their part.
That IS good news. BP and Cabela's suck turds.
I hope they don`t go belly up.
Woot - Cabelas was awesome before the my went public. They were totally ruined when they merged with BP. Glad to see Sportsman’s won’t suffer the same fate.
There isn't one anywhere near me, but I'm still happy to hear the news.
BP is a bloodsucker.
You do know that BP now owns SW?
Dang!! I was looking forward to being able to buy more schidty “Redhead” branded hunting clothing.....
You do know that BP now owns SW?
“Merger” not approved.
YES! Awesome news! Thank you OP!
You do know that BP now owns SW?
Jeebus.
We had a SW pop up here for a few years then shut down a little over a year ago. I liked it as it was the most complete sporting goods store around.
Glad to hear that SW will not get screwed up like Cabelas did.
This is good news.
Bass Pro can eat a bag of dicks.
It is good news. There is one in North MS that is close to my route to work. I always find things I want when I stop there. They have name brand gear instead of Redhead BP junk.
Good news. Cabelas was ruined by BPS.
SW was much better before the infamous divorce.
SW remains my favorite and closest store for outdoors stuff. I hated to think what it would become if that merger had gone through. They already have enough trouble getting inventory with the Biden Bottleneck going on. Last time I was there, the clothing section had greatly expanded, filling what had been part of the fishing and optics displays. I did pick up a Quantum casting rod and reel combo they were practically giving away, though.
I have not seen a sportsman warehouse catalog since before www commerce ~20 years ago.
Bob Hayes always had some tongue in cheek blue collar humor.
Sure miss the SW store that was in Wichita for a few years. Haven't been to the Cabelas store there since Bass Pro took over
New SW opened here about 2 months ago, they had some great deals on with the Grand Opening.
One of the best fishing sections in the area, good clothing section, gun dept. is OK, but like other
sporting good stores their ammo inventory sucks, and you can't afford any. Example, box of 12 ga. duck loads with #4 bismuth was $49.95 ( NS), standard cheap shells like Gun Clubs are $10.50. good shells like STS are $14.50 Lucky I don't need 99% of their inventory, but the 1% I would buy I won't pay their price.
I stop in the Cabelas in Eugene OR when I go up to Potlandia on business...
Usually a real waste of time, except to stop and use their men's room.
I do stop in less, as they have a lot less of what I need, and the last couple times I picked up a scope from them ( Cabelas house brand stuff ) at the register, they ask me if I want to buy a 2 or 3 year warranty, that is usually the cost of another scope.....but I've been smart enough to know what I am buying, and counter with why would I want to buy a 2 or 3 season warranty on a scope, that prints right on the box it comes with a life time warranty. You want to pull that rip off crap, you can keep the scope and I'll take my money elsewhere..
Ass' Ho shop can kiss my ass....
even tho I hand load, I dropped by the spot where they had what ammo they had in stock... yeah, and wanting 3 to 5 times what the normal price was before Biden, cheated their democRat asses into office.
Last time I stopped in a Ass'Ho Shop in my business travels, was down in Sacramento. People rag on old Tasco products.. they sure look a million times better than AssHo Products.. which carry Leupold level of pricing.
Merging or acquiring Sportsmans, would have essentially closed out me buying at ANY of the Big Box Sporting Good Stores...
and now Locally even Walmart has quit selling firearms, and ammo as of Last month here...
SW was much better before the infamous divorce.
I agree.
You do know that BP now owns SW?
Lol…way to read the article.
Good News . Bad news for Johnny Morris though.
Tucker had a segment on Cabela's merger and vulture capitalism couple years back.
Tucker had a segment on Cabela's merger and vulture capitalism couple years back.
People should have been jailed for that.
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.
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.
We had a SW just out of Green Bay .It was my go to Sporting Good s Store.Then they shut it down along with a bunch of other stores in other states.Most mergers are either forced or because the Companies profits are not good.What you can hope for is some one to invest in them.Otherwise they will probably close down all together.
We have a sw here and its a pretty awesome store. Just curious as i know nothing about this, why is it a bad thing for bass pro to buy them? Im asking because i reaply dont know lol
We have a sw here and its a pretty awesome store. Just curious as i know nothing about this, why is it a bad thing for bass pro to buy them? Im asking because i reaply dont know lol
Because it would mean that Johnny Morris would own the three biggest retailers of sporting goods in the US.
We have a sw here and its a pretty awesome store. Just curious as i know nothing about this, why is it a bad thing for bass pro to buy them? Im asking because i reaply dont know lol
Because they’d do the same thing to SW as they did to Cabelas. Cabelas before the buyout was a good operation with quality merchandise and good business practices. They had a good credit card setup with loyalty points and their house branded optics were good with lifetime warranties. Their hunting clothing was good quality. BPS got rid of all that, now Cabelas is just like BPS and sells Walmart level Chinese crap. Cabelas has completely lost my business now, I won’t even go into one.
That Sportsman’s Warehouse near you that’s pretty awesome would get totally revamped & filled with Chinese crap clothing and trinkets, then the prices would get jacked up 20%.
I think this must be old news...
BP took over SW last year
I think this must be old news...
BP took over SW last year
No, they anmounced they were going to
.. rejected by SEC.
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.
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
You’re right....that is good news! Now.....if they just had one in Billings! memtb
Tucker had a segment on Cabela's merger and vulture capitalism couple years back.
People should have been jailed for that.
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.
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?
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.
We don't have one anywhere near me.
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.
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
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
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!
I won't go into a Cabellas or B P.........................
they are always outta bun wad.
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.
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.
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.
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.
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.
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
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?