SW going it alone

[Great-Kazoo]

https://investors.sportsmans.com/nod...6698dex101.htm

[hollohas]

I'm dumb and don't read lawyer. Does this mean Bass Pro won't be buying SW?

[Great-Kazoo]

I'm dumb and don't read lawyer. Does this mean Bass Pro won't be buying SW?

Correct. SW backed out of the agreement . My bad thought it was another link to the info.

[hollohas]

Sweet. I'm happy to hear this.

[MrPrena]

https://www.ar-15.co/threads/186441-...rom-Sportman-s

[FoxtArt]

Wooo hoo! Much crap can fall when a single corporation owns 75% of the retail gun market.

[def90]

Yeah, think came out some time ago, happy about it as I prefer SW over Bass/Cabelas. If the purchase would have gone through that would have meant that the only other option in town for a wide range of outdoors gear would have been Scheels. The more options the better. Goes back to the day in 2000 when I first moved to Boulder/Colorado and we had around 8 outdoors gear shops in Boulder then REI moved in and now it’s REI or Neptune Mtn Sports. Can’t stand REI and drive to the nearest SW now.

[Sawin]

This is great news!

[sportbikeco]

Correct. SW backed out of the agreement . My bad thought it was another link to the info.

From what I have read it seems it was called off as "FTC regulators we're likely not going to approve"

It will cost bass pro, "Under the termination agreement, Great Outdoors Group agreed to pay Sportsman’s Warehouse a termination fee of $55.0 million."

[MrPrena]

^ that. It was costly m&a break up for a $7b in annual sales.