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Levi & Korsinsky is investigating the Board of Directors of Cabela’s Incorporated (NYSE: CAB) (“Cabela’s” or “the Company”) in connection with the sale of the Company to Bass Pro Shops. Under the terms of the transaction, Cabela’s shareholders will receive $65.50 in cash for each share of Cabela’s stock they own.
The investigation concerns whether the Board of Cabela’s breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Bass Pro Shops is underpaying for Cabela’s shares.
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