October 3, 2016
Cabela's CAB Merger spread
Cabela's (CAB) is being purchased by Bass Pro Shops in a cash deal for $5.5 billion or $65.50 a share for Cabela's shareholders. So CAB shareholders will receive $65.50 a share. Cabela's stock has been around $62 to $63 all morning. There has been as much as a 4% spread to made. I bought some CAB at 62.90 this morning. There is still over a 3% spread at the moment. If there is a mini market crash the spread could even widen. So it's worth keeping an eye on. All cash deals are the safest. The deal is expected to close in the first half of 2017 and still requires shareholder and regulatory approval. Here is the official SEC filing.