Outdoor sports and activity retailer Sportsman's Warehouse (NASDAQ: SPWH) is now set to be acquired by privately held Great American Outdoors Group, according to a press release from the company published online yesterday. The cash acquisition will see the Great American Outdoors Group pay $18 per share to buy out Sportsman's Warehouse. At the time of the announcement, this represented a 42.2% premium over the stock's market value, though Sportsman's share price has risen explosively since.
The Great American Outdoors Group owns a lineup of famous name brands related to hiking, fishing, hunting, sport shooting, and other outdoor activities. These currently include Cabela's, Bass Pro Shops, and White River Marine Group, among others.
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For further details see:
Sportsman's Warehouse Reeled In By Bass Pro Owner