July 05, 2017
Cabela’s said in a release that the extended investigation by the FTC of its proposed merger with Bass Pro has been terminated, clearing what would appear to be the last major obstacle to the deal going through. Evidently, it had signed a timing agreement with the FTC that expired Jul. 3.
Monomoy Capital Partners will pay $338 million, or $12.97 per share in cash, for all of West Marine’s common stock. The price represents a 32% premium over the company’s 30-day average stock price, valuing WMAR at 28x EBITDA or a bit less than half of revenues.
AOBC’s Smith & Wesson acquired Gemini Technologies as the Hearing Protection Act of 2017, which would remove the tax and licensing requirements on silencers, makes its way through congress.
The Eager Beavertons, who sponsor Patriots’ tight-end Rob Gronkowski, are nevertheless opposing his company, Gronk Nation, which is attempting to register a logo that is a silhouette of him spiking a football.
The Big Cat will move its Canadian headquarters to Toronto while leaving a showroom in Montreal where it is presently headquartered to support its PQ dealer base.
The $2 billion Chinese footwear and apparel brand extends its sponsorship of the Warriors’ shooting guard for 10 years through 2026 at $8 million per year, according to Nice Kicks.