The Sidney Sun-Telegraph - Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper

Cabela's shareholders voted for sale


Cabela’s shareholders Tuesday voted overwhelmingly for the sale to BassPro.

According to a U.S. Securities and Exchange Commission filing, approximately 78 percent of the outstanding shares of common stock voted in favor of the proposal.

Roughly 54 million voted in favor of the merger, with only 154,853 against and

233,896 abstaining.

A vote was also held on merger-related compensation for executive officers.

The non-binding advisory vote approved compensation “that may be paid or become payable to the company’s named executive officers,” according to the report.

Approximately 67 p...

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