Bass Pro Shops will pay roughly $4 billion to purchase the outfitter.
SIDNEY, Neb. — Cabela’s shareholders are giving a nod to the sale of the outdoor outfitter to rival Bass Pro Shops for roughly $4 billion.
The Nebraska chain said Tuesday that shareholders approved a deal, announced in October, which will pay them $61.50 per share.
Sporting goods retailers have been under pressure because of changing shopping patterns.
Company officials have said they expect the sale to close later this year, but banking regulators must still approve the sale of Cabela’s credit card unit, which is part of the deal.
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