Bass Pro Shops to acquire Cabela's in $5.5 billion deal

Fishing and hunting equipment chain Cabela's Inc. said Monday it agreed to be bought by Bass Pro Shops in a deal valued at $5.5 billion that will help the privately held company nearly double its store count in North America.

The two chains each have a store in Anchorage.

The offer of $65.50 per share is a 19.2 percent premium to Cabela's close on Friday.

Shares of Cabela's jumped nearly 15 percent to $63.00 in early trading, their highest in more than a year. Up to Friday close, they...

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