October 7, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Cabelas Inc (NYSE:CAB), was announced concerning whether the takeover of Cabelas Inc. by Bass Pro Shops for $65.50 per share is unfair to NYSE:CAB stockholders.

The investigation by a law firm concerns whether certain officers and directors of Cabelas Inc breached their fiduciary duties owed to NYSE:CAB investors in connection with the proposed acquisition.

On October 3, 2016, Bass Pro Shops and Cabelas Inc (NYSE:CAB) announced that they have entered into an agreement under which Bass Pro Shops will acquire Cabelas Inc (NYSE:CAB) for $65.50 per share in cash, representing an aggregate transaction value of approximately $5.5 billion.

However, the investigation concerns whether the offer is unfair to NYSE:CAB stockholders. More specifically, the investigation concerns whether the Cabelas Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Cabelas Inc reported that its Total Revenue rose from over $3.64 billion for the 52 weeks period that ended on December 27, 2014 to over $3.99 billion for the 53 weeks period that ended on January 2, 2016.

Shares of Cabelas Inc (NYSE:CAB) closed on October 7, 2016, at $62.25 per share.