On or around 07/27/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: June 07, 2017
According to the Complaint, on October 3, 2016, Cabela’s and Bass Pro jointly announced that it had reached a definitive Agreement and Plan of Merger (the “Original Merger Agreement”) where Bass Pro would acquire Cabela’s for $65.50 per share (the “Original Merger Consideration”), representing a transaction value of approximately $5.5 billion (the “Original Proposed Merger”).
On April 17, 2017, Cabela’s and Bass Pro amended the Original Merger Agreement (the “Merger Agreement”) in which the Original Merger Consideration was lowered to $61.50 per share of Cabela’s (the “Merger Consideration”), representing a transaction value of $5 billion.
The Complaint alleged Defendants have violated Sections of the Exchange Act by filing a materially incomplete and misleading Schedule 14A Definitive Proxy Statement (the “Proxy”) filed with the SEC on June 5, 2017 (the Proxy is dated June 3, 2017).
On June 22, 2017, the Court issued an order consolidating cases. The consolidated cases shall be referred to as: "In re Cabela's Incorporated Shareholder Litigation." On July 27, Plaintiffs voluntarily dismissed the case as moot.
Company & Securities Information
Defendant: Cabela's Incorporated
Industry: Retail (Specialty)
Headquarters: United States
Ticker Symbol: CAB
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Adam Klein , et al. v. Cabela's Incorporated, et al.