Four investors in Cabela’s Inc. on Thursday dropped class action claims accusing the outdoor sporting retailer of failing to disclose important details related to the company’s $5 billion sale to Bass Pro Shops, saying that Cabela’s has addressed its concerns with additional disclosures.
The announcement came more than two weeks after Cabela’s stockholders voted on July 11 to approve the deal, which gave investors $61.50 cash for each share they held in the company. According to Cabela’s filings with the U.S. Securities and Exchange Commission, 78 percent of outstanding shares were cast in favor of the merger.
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