Sportsman’s Warehouse to be acquired by The Great American Outdoors for $18/share, shares up 37%

• 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.

Comments

[stoney500]

I can’t believe they sold so cheap! The stock would have gone much higher than $18 in 2021

[Anton Bender]

Cabela's and Bass Pro are both higher than hades to shop at. And if you go there looking for ammo, forget it.

[fedexo]

Sportsman’s was doing awesome with their numbers; they should’ve held out for more than 18 a share

[georgefelix75]

10% short interest....could we still see a short squeeze here?

[Tomgold]

A nice yearend surprise.

[Joker1234555]

Nice

[asm12345]

Ugh. As a hunter and fisherman I'm not happy about this. Sportsmans was the high quality, reasonably priced alternative to Bass Pros and Cabelas high priced mall ninja outdoor gear.

[Maks F. S.]

GREAT for investors, HORRIBLE for gun owners.