- Sportsman’s Warehouse (NASDAQ:SPWH) soars 37% after-hours after entering into an agreement to join the Great American Outdoors Group, with latter to remain as private company.
- As part of the agreement, Sportsman’s Warehouse will be acquired for $18.00 per share in cash.
- The deal will widely expand product offerings, including:
- Access to largest selection of premium fishing tackle including legendary Bass Pro Shops and other premier brands.
- Selection of premium hunting gear including the iconic Cabela’s brand.
- Sportsman’s Warehouse will be able to offer customers the world's leading boat brands, side-by-sides and ATVs at money-saving prices.
- Also, SPWH's customers will enjoy The Great American Outdoors Group “Low Price Guarantee” which offers the lowest everyday price, and will match or beat any qualified competing offers in store or online.
- The transaction is expected to close in H2 2021.
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