Sportsman's Warehouse bought by parent company of Cabela's, Bass Pro Shops

Utah's Sportsman's Warehouse is now part of the Great American Outdoors Group, parent company of Bass Pro Shops, Cabela's, White River Marine Group and a collection of naturebased resorts. The Great American Outdoors Group will remain a private company with a long-term view to do what is best for its customers, team members and conservation initiatives, it said.

Sportsman's Warehouse shares turned sharply higher just before Christmas after the outdoor sporting goods retailer agreed to be bought for $785 million in cash. Great American will pay $18 a share for Sportsman's Warehouse, a 42 percent premium from its mid-December close. Despite its growth, Great American said it will remain a private company.

"Both entities share a passion with their...