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...