It's Official!

Bass Pro Shop has officially merged with Cabela's. 

Bass Pro takeover of Cabela’s could be back on track

Deal back on
Originally posted in Angling International

Bass Pro’s buy-out of rival retailer, Cabela’s, which appeared to be facing collapse earlier this year, could be back on track.

But the cost of the acquisition will be $500 million less under the terms of a new merger agreement.

The $5.5 billion deal was announced in February, but then ran into difficulty when Cabela’s had problems selling the internal banking operation for its credit card programme.

Cabela’s had reached agreement to dispose of it to Capital One, with the deal being announced on the same day as the acquisition. But that move stalled when it failed to get approval from the Federal Trade Commission, putting the overall merger in jeopardy.

However, Synovus Financial, the Georgia owner of 250 south-east branches, is now reportedly planning to buy the banking business before reselling to Capital One. If Cabela’s should fail to complete the new sale then the broader deal will remain at risk.

Cabela is Coming to Barrie, Ontario

Cabela’s Canada will officially open the doors of the new Barrie store on Thursday, July 10 with a  ribbon-cutting ceremony hosted by company executives and special guests.

The celebrations will begin at 10:45 a.m.

The 70,000-square-foot store, which is  near the intersection of Highway 400 and Mapleview Drive in the Park Place Shopping Centre, will be the first Cabela’s to open in Ontario.  

Cabelas coming to Barrie Ontario in 2014

Cabela’s Incorporated announced today that it will be opening a store in Barrie, Ont.

The store will be located near the intersection of Highway 400 and Mapleview Drive in the Park Place Shopping Centre. Construction on the 70,000-square-foot store is scheduled to begin this summer and Cabela’s anticipates a summer 2014 opening.

This will be the first store in Ontario for the U.S.-based outdoor retail giant. Currently, there are three other stores open in Western Canada with two listed as “coming soon” on the company’s website.

New Fishing Lines for 2011 Part 2

PART 2

Another unique trend that was launched in 2009 but only now has caught on is coloured segmented line. Initially intended for trolling, metered line is becoming more excepted with anglers who cast. Trying to keep your jig 15 feet down over a school of walleye? Simply count off the coloured line segments to precisely fish that zone. Cabelas, Daiwa, Trilene, Sufix and Tuf-line offer a version of metered super lines. Even, ice fishing specific lines now come metered. A sure winner when targeting suspended fish this winter.

GORE has made a splash this year. More associated with clothing, it has many superior qualities ideal for line. According to Tom Mc Murray, Normark’s Marketing head guy,  “GORE fibres improve abrasion resistance, increase casting distance & accuracy and reduce line vibration. It is also impervious to chemical and UV light.” Sufix’s new 832 Advanced Superline which uses GORE in its weave won ICAST’s “Best Line” category for 2011.