- Associated Press - Wednesday, December 14, 2016

SIDNEY, Neb. (AP) - Cabela’s first shareholder meeting in more than a year didn’t last long, and executives didn’t address questions about the company’s proposed $4.5 billion sale to rival Bass Pro Shops.

The Omaha World-Herald reports (https://bit.ly/2hleR8F ) the brief Cabela’s meeting attracted about 20 shareholders to its hometown of Sidney, Nebraska, on Tuesday.

The company plans to hold a separate shareholder meeting so investors can vote on selling Cabela’s to Springfield, Missouri-based Bass Pro. Tuesday’s annual meeting had been delayed from the spring while Cabela’s weighed its options.

One of the big questions for Cabela’s is how many jobs will be lost in Sidney after the sale.

Dwight Walker, from Mitchell, Nebraska, said he was disappointed not to hear more information about the future of Cabela’s and the plans for its roughly 2,000 workers in Sidney.

“I feel for Sidney. I’m afraid they’re going to get the ax,” Walker said.

Sonja Boyles Peters of North Platte said she wanted to learn more about why Cabela’s executives concluded selling the company was the best option.

Shareholder Van Harris from Wichita, Kansas, said he thinks the Bass Pro deal is good for shareholders, but it may hurt a number of Cabela’s workers in Sidney and Nebraska. Cabela’s shareholders will receive $65.50 cash per share if the Bass Pro deal goes through next year, as expected.

“It sounds like there is some agreement there will be a base of operations here, Harris said. “What that is, I don’t think anybody knows.”

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