Sportsmans Warehouse and Bass Pro Terminate Merger

[morley.tyler]

I'm just gonna leave this here w/out comment:

Sportsmans Warehouse (NASDAQ: SPWH) disclosed:

As previously disclosed, on December 21, 2020, Sportsman’s Warehouse Holdings, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Great Outdoors Group, LLC, (“Great Outdoors Group”) and Phoenix Merger Sub I, Inc., (“Merger Subsidiary”), pursuant to which, subject to the satisfaction or waiver of certain conditions, Merger Subsidiary would be merged with and into the Company (the “Merger”), with the Company continuing as the surviving corporation in the Merger and a wholly-owned subsidiary of Great Outdoors Group. On December 2, 2021, the Company, Great Outdoors Group, and Merger Subsidiary entered into a Termination Agreement (the “Termination Agreement”) under which the parties agreed to terminate the Merger Agreement effective immediately. The decision to terminate the Merger Agreement follows feedback from the Federal Trade Commission (“FTC”) that led the parties to believe that they would not have obtained FTC clearance to consummate the Merger.

 

[jonny5]

I'm not sad about that!

 

[rtraverdavis]

Well, hopefully that means that Sportsmans won’t turn into the complete turd that Cabelas is now.

 

[Stocker]

Good deal! At least you won’t be hassled every 30 seconds to sign up for a credit card while you are trying to shop.

 

[BAKPAKR]

I am glad to hear that.

 

[EKYHunter]

Support Sportsman’s Warehouse id say. Man I’m glad to hear this. JM is the worst thing to ever happen to Cabela’s!

 

[mtnrunner260]

Does that mean the stores who already converted their floorplan will go back?

 

[Sytes]

Bah! That mean Cabelas no longer offers, "Redhead" clothing?

Well chit!

 

[HighDesertSage]

Damnit, I was really looking forward to all the expensive shit I can decorate my house with being more readily available. I mean nothing says I am an outdoorsman like a $20 bite of fudge.

 

[hank4elk]

Who that? LOL

 

[lifesupport4u]

I’m glad. I prefer Sportsman’s. Cabelas went downhill when they joined Bass Pro.

 

[MT_Chad]

Does that mean the stores who already converted their floorplan will go back?

Yeah, they just finished the remodel here in Helena. I'm not a fan.... Thank God this merger fell through, I wasn't excited about never shopping there again.

 

[Nick87]

Support Sportsman’s Warehouse id say. Man I’m glad to hear this. JM is the worst thing to ever happen to Cabela’s!

Getting ran into the ground by going public was the worst thing that happened to cabelas.

 

[Jason73]

 

[LuketheDog]

Great news!

 

[turbobrick]

This is great news, I was positive Bass pro was going to ruin another good store.

 

[warmer]

This is great news, I was positive Bass pro was going to ruin another good store.

Dont enjoy looking at yoga pants, Birkenstocks, leggings and Northface hoodies when shopping for guns, ammo and fishing equipment? Yea, me either.

 

[Sytes]

Dont enjoy looking at yoga pants

Wha???

 

[Valley1320]

Thank goodness!!!! Doubt anyone is sad about that falling thru

 

[jryoung]

Wha???

To be fair, it's probably a little better viewing at Lululemon than at BP.