Eurooptic vortex burris nightforce sale




teslong borescope digital camera barrel monitor


As an Amazon Associate, this site earns a commission from Amazon sales.









July 13th, 2017

Cabela’s Shareholders Approve Buyout by Bass Pro Shops

Bass Pro Shops Acquires Buys Cabela's Retail Chain Billion Merger

It’s official, Cabela’s is being acquired by Bass Pro Shops. The Shooting Wire reports:

Cabela’s Shareholders Approve Bass Pro Shops Merger
“It only took about 35 people around 20 minutes yesterday to approve a $4.2 billion merger that’s been lingering for months. Backed by what Cabela’s CEO Tommy Milner calls ‘overwhelming support’, the shareholders of Cabela’s approved [the] proposed merger with Bass Pro Shops. Under the current terms, shareholders will receive $61.50/per share for the stock which has been trading in the $58.90-$59.94 range. After the merger, the companies will be based in Springfield, Missouri. No word on how many of the 1,000 workers in Cabela’s Sydney, Nebraska, headquarters will be retained.”

Bass Pro Shops will acquire popular outdoor retail chain Cabela’s (NYSE:CAB) in a $4.2 billion deal expected to close in Q3 of 2017. According to The Street: “Cabela’s agreed in April to be bought by Bass Pro Shops for $61.50 a share, down from the original purchase price of $65.50 a share, valuing the acquisition at $4.2 billion.” After the merger, Bass Pro will continue to recognize Cabela’s CLUB points, and the branded credit cards will be serviced by Capital One.

History of Two Major Outdoor Retailers

CABELA’S
Founded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a highly respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise. Today, Cabela’s has over 19,000 “outfitters” operating 85 specialty retail stores, primarily in the western U.S. and Canada. Cabela’s stores, catalog business and e-commerce operations will blend seamlessly with Bass Pro Shops and White River Marine Group. Over the past 55 years Cabela’s has built a passionate and loyal base of millions of enthusiasts who shop both at its retail stores and online.

BASS PRO SHOPS
Bass Pro Shops, founded in 1972 by avid young angler Johnny Morris, is a leading national retailer of outdoor gear and apparel, with 99 stores and Tracker Marine Centers located primarily in the eastern part of the U.S. and Canada. Morris started the business with eight square feet of space in the back of his father’s liquor store in Springfield, Mo., the company’s sole location for the first 13 years of business. Johnny’s passion for the outdoors and his feel for the products and shopping experiences desired by outdoor enthusiasts helped transform the industry. Bass Pro Shops, which employs approximately 20,000 team members, has been named by Forbes as one of “America’s Best Employers.”

Permalink News 8 Comments »
October 11th, 2016

Berger Bullets Joins Nammo Group

Berger Bullets Nammo Press release Nammo group Lapua brass ammunition

Breaking News: Berger Bullets Joins Nammo Group

The Nammo Group, parent of Lapua and Vihtavuori, has announced the acquisition of Berger Bullets, one of the USA’s leading bullet makers. With Berger Bullets joining the Nammo Group, this teams America’s ultra-premium bullet-maker with what is arguably the world’s most respected cartridge brass and ammunition-maker. This is huge news. For competition shooters this may be a “marriage made in heaven”. Many top shooters, including champions like Bryan Litz and John Whidden, are already shooting Berger bullets in Lapua brass. This merger will make it easier for the two companies (Berger and Lapua) to optimize the performance of factory ammo, as well as to optimize brass for use with Berger match projectiles.

A spokesman for Lapua said that Lapua will continue to make bullets in Europe while Berger will conduct its regular operations in the USA: “Lapua will still make bullets, and it will be ‘business as usual’ for Berger at this time. There are no plans to change production sites to consolidate product lines. Berger will continue to operate as an independent business, just under the Nammo umbrella.” NOTE: This acquisition will be subject to regulatory approvals by U.S. governmental authorities.

On firearm industry analyst believes this merger is a “win-win” for both Berger and Nammo: “This will help Berger export more product to the European market while it will give Nammo a stronger connection to the huge U.S. firearms market, expanding Nammo’s North American customer base”. Nammo president/CEO Morten Brandtzæg concurred, stating: “Having Berger Bullets on board is the perfect match for Nammo. Their products, which are complementary to our other premium brands, will strengthen our group’s strategic position in the U.S. commercial ammunition market.” This acquistion WILL include Berger’s ABM Ammunition and J-4 Jackets product lines.

Here is the press release issued by the Nammo Group, which is headquartered in Norway and has 2,100 employees in 12 countries:

Berger Bullets Nammo Press release Nammo group Lapua brass ammunition

(more…)

Permalink Bullets, Brass, Ammo, News 6 Comments »
October 4th, 2016

Bass Pro Shops to Acquire Cabela’s for $5.5 Billion

Bass Pro Shops Acquires Buys Cabela's Retail Chain $5.5 Billion Merger

Bass Pro Shops plans to acquire popular outdoor retail chain Cabela’s (NYSE:CAB) in a $5.5 billion deal expected to close in the first half of 2017. The transaction will be completed through a cash-for-stock purchase by which Cabela’s shareholders will receive $65.50 per share, a premium of 19.2% over Cabela’s closing share price on September 30, 2016. After the merger, Bass Pro will continue to recognize Cabela’s CLUB points, and the branded credit cards will be serviced by Capital One. Details of the $5.5 billion-dollar buy-out are covered in the press release highlights below:

SPRINGFIELD, Mo. & SIDNEY, Neb. (Business Wire) — Bass Pro Shops and Cabela’s Incorporated (NYSE:CAB), two iconic American outdoor companies with similar humble origins, and with a shared goal to better serve those who love the outdoors, today announced that they have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.

In addition, upon closing Bass Pro Shops will commence a multi-year partnership agreement with Capital One, National Association, a wholly-owned national banking subsidiary of Capital One Financial Corporation (NYSE: COF), under which Capital One will originate and service the Cabela’s CLUB, Cabela’s co-branded credit card, and Bass Pro Shops will maintain a seamless integration between the credit card program and the combined companies’ retail operations and deep customer relationships. All Cabela’s CLUB points and Bass Pro Shops Outdoor Rewards points will be unaffected by the transactions and customers can continue to use their credit cards as they were prior to the transaction.

CABELA’S
Founded in 1961 by Dick, Mary and Jim Cabela, Cabela’s is a highly respected marketer of hunting, fishing, camping, shooting sports and related outdoor merchandise. Today, Cabela’s has over 19,000 “outfitters” operating 85 specialty retail stores, primarily in the western U.S. and Canada. Cabela’s stores, catalog business and e-commerce operations will blend seamlessly with Bass Pro Shops and White River Marine Group. Over the past 55 years Cabela’s has built a passionate and loyal base of millions of enthusiasts who shop both at its retail stores and online.

BASS PRO SHOPS
Bass Pro Shops, founded in 1972 by avid young angler Johnny Morris, is a leading national retailer of outdoor gear and apparel, with 99 stores and Tracker Marine Centers located primarily in the eastern part of the U.S. and Canada. Morris started the business with eight square feet of space in the back of his father’s liquor store in Springfield, Mo., the company’s sole location for the first 13 years of business. Johnny’s passion for the outdoors and his feel for the products and shopping experiences desired by outdoor enthusiasts helped transform the industry. Bass Pro Shops, which employs approximately 20,000 team members, has been named by Forbes as one of “America’s Best Employers.”

The Cabelas.com website features this message to customers from Cabela’s CEO Tommy Millner:

To Our Loyal Cabela’s Customers,

This morning, we announced that Cabela’s will merge with Bass Pro Shops and, upon closing of the transaction, will begin a multi-year partnership with Capital One whereby Capital One will exclusively service the Cabela’s CLUB Visa card.

We’re really excited about joining forces with Bass Pro Shops to create the truly premier retailer in outdoor sporting goods. We will be able to provide you with access to more locations and the greatest selection of outdoor recreation equipment and apparel in North America.

We have worked hard to ensure that this process is seamless to you. We currently expect to complete the transactions in the first half of 2017, subject to regulatory approvals and other customary closing conditions. Until closing, Cabela’s and Bass Pro Shops will continue to operate as separate, independent companies, as they always have. Additionally, we will continue to honor and offer Cabela’s Gift Cards. Please know that we remain committed to upholding the trusted relationship we have built with you and are focused on providing the exceptional service and experiences you have come to expect from us.

For our CLUB members, following the closing of the transaction, we expect to operate the Cabela’s CLUB program without change or interruption. You will see no change to how you earn, save or use your points, and your point balance will not change.

Thank you for your continued support of Cabela’s.

Sincerely,

Tommy Millner
Chief Executive Officer

Permalink Hunting/Varminting, News No Comments »
April 30th, 2014

ATK Spins Off Sporting Businesses and Merges Aerospace Operations with Orbital Sciences

ATK alliant Orbital mergerAlliant Techsystems (ATK or Alliant) is merging its aerospace/defense operations with Virginia-based Orbital Sciences. At the same time, ATK plans to spin off its sporting arms, ammo, and outdoor gear operations into a separate, stand-alone business. ATK sells sporting products under numerous brands including Alliant Powder, Blackhawk, Bushnell, CCI, Champion, Federal Premium, RCBS, Savage Arms, Speer, and Weaver Optics. The new Alliant sporting business will operate from Utah, while the merged Orbital-ATK aerospace business will be managed from Virginia.

According to the Washington Post: “The separation of ATK’s core segments gives it the opportunity to focus on its sporting goods sector, which has grown to a $2.2 billion business through several mergers and acquisitions over the past decade. The company manufactures commercial sporting equipment for hunters, shooters and law enforcement agencies.”

alliant atk merger orbitalThe announced merger of Alliant and Orbital, and the spin-off of the sporting business, should benefit Alliant shareholders. Alliant shares rose 8% yesterday. Alliant shareholders will own 53.8% of the new Orbital-ATK aerospace company, and Alliant shareholders will retain full ownership of the new spin-off sporting enterprise. Alliant’s current CEO and president, Mark DeYoung, will take over as chairman and CEO of the new sporting business.

Will the new Alliant Sporting operation continue to grow? Analysts believe that it will. Management has shown interest in building the company via more sporting industry acquisitions. Analysts believe the Alliant sporting division is poised for continued expansion. While Alliant’s aerospace operations have suffered in recent years from cuts in defense spending, the sporting division has seen impressive revenue growth.

According to StarTribune.com: “The sporting unit’s rocket-like growth has captured the attention of Wall Street analysts. Barclays Capital analyst Carter Copeland recently boosted his forecast on Alliant, noting that “over time … the sporting group has made a more significant portion of the total company’s sales and earnings. … The last seven quarters the business has posted average organic growth on a year-over-year basis of 23 percent.”

For those in the shooting community, the spin-off of ATK’s sporting operations is probably a good thing. The new company can focus on guns, ammo, and outdoor accessories, rather than aerospace programs with long development cycles. Likewise the new company should be more responsive to consumers, as it can adjust production to current market demands, rather than fixed government defense contracts. ATK officials stated that “the company’s Sporting and Aerospace/Defense businesses operate in two fundamentally different markets with very different operating dynamics, compliance requirements, customer sets and growth opportunities. As standalone companies, they will be more focused businesses, with clear and distinct strategic visions and objectives, additional operational flexibility and the financial strength to make the most of their unique opportunities in their respective industries.”

Under the terms of the transaction agreement, ATK will distribute ownership of Sporting to ATK shareholders in a spin-off transaction, following which, ATK shareholders will own 100 percent of Sporting. The spin-off will be immediately followed by a merger of Orbital with a subsidiary of ATK, with Orbital surviving the merger and becoming a wholly owned subsidiary of ATK. In connection with the merger, Orbital shareholders will receive 0.449 shares of ATK common stock for each share of Orbital common stock that they hold. Upon the closing of the merger, ATK shareholders will own approximately 53.8 percent of the combined company on a fully diluted basis and Orbital shareholders will own the remaining approximately 46.2 percent of the combined company on a fully diluted basis.

Permalink Bullets, Brass, Ammo, News 2 Comments »
July 21st, 2013

Colt Defense LLC and New Colt Holding Corp. Merge

Colt Defense Colt's Manufacturing MergerIn 2003, the venerable Colt business enterprise, was divided into different entities, Colt Defense LLC and Colt’s Manufacturing Company LLC. Now those two business are being combined back into one company again. Colt Defense LLC has acquired New Colt Holding Corp., the parent company of Colt’s Manufacturing Company LLC, which makes firearms for the civilian and sporting markets. Now, for the first time since the separation a decade ago, a single Colt company will develop, manufacture and sell firearms under the Colt name for all markets.

About Colt: Colt is one of the world’s leading designers, developers and manufacturers of firearms. The company has supplied military, law enforcement and individual customers in the United States and throughout the world for more than 175 years. Colt’s subsidiary, Colt Canada Corporation, is the Canadian government’s source for small arms and is the Canadian military’s sole supplier of the C7 rifle and C8 carbine. Colt operates its manufacturing facilities in West Hartford, Connecticut and Kitchener, Ontario. For more information on Colt and its subsidiaries, please visit www.colt.com, www.coltsmfg.com, and www.coltcanada.com.

Story Tip by EdLongrange. We welcome reader Submissions.
Permalink News 2 Comments »
December 15th, 2007

DPMS Acquired By Cerberus. Joins Bushmaster and Remington.

Cerberus Capital Management, a large holding company, has acquired yet another gun maker, this time AR-platform builder DPMS Panther Arms. In the past year, Cerberus has purchased three gun manufacturers: Bushmaster Firearms, Remington Arms, and Cobb Manufacturing. It looks like Cerberus intends to be a major player in the semi-auto AR-platform market, Colt and FN Mfg. LLC notwithstanding. Strategically, the DPMS acquisition places Cerberus in an even stronger position to pursue military rifle contracts–the prize we believed Cerberus was chasing all along.

DPMS Panther Arms

Randy Luth, DPMS founder and President, remarked, “We were looking for a partner that could enhance our expertise in operations and further develop our sales and marketing capabilities. Cerberus is a partner that can help us in those areas and provide the financial and operational resources required to expand our business. As we look forward, we see increased interest in our new calibers, based on the proven DPMS ‘LR’ rifle platform.” Based in St. Cloud, Minnesota, DPMS manufactures and distributes a complete line of AR15-based rifles and components, as well as rifle platforms in other calibers.

The Cerberus press release says, “Mr. Luth will remain President of the newly formed DPMS Firearms, LLC and will continue to oversee the strategic and operational aspects of DPMS.” We’ll see… after Cerberus bought Remington Arms, there was a high-level shakeup and Bushmaster honchos replaced many Remington top execs.

One positive aspect to Cerberus’ involvement in the gun industry is that the huge political clout Cerberus commands as the “rescuer” of Chrysler Corp. (which Cerberus also acquired) should undermine efforts to ban AR-platform rifles if the Democrats score big in the 2008 elections. Cerberus is big enough to make waves in Washington. Money talks in politics and Cerberus has lots of it.

Permalink News 4 Comments »