Honestly tho: BIG props on StrikeMaster’s commitment to taking care of anyone fast if they have new blades that are not perfect. Says a lot that they don’t just try to sweep it under the rug. 💯
8. Bass Pro Shops buy of Sportsman’s Warehouse is off.
> Sportsman’s Warehouse, which is a publicly-traded company, said in the filing, “The decision to terminate the Merger Agreement follows feedback from the Federal Trade Commission that led the parties to believe that they would not have obtained FTC clearance to consummate the merger.”
> The acquisition was expected to close in the second half of 2021. Under the termination agreement, Great Outdoors Group agreed to pay Sportsman’s Warehouse a termination fee of $55.0 mil.
> On Dec 21, 2020, The Great American Outdoors Group agreed to purchase Sportsman’s Warehouse for $18 per share in cash, equating to about an $800 mil purchase price. The price represented a 42% premium versus Sportsman’s Warehouse’s closing price of $12.65 on Dec 20….
> Sportsman’s Warehouse’s smaller locations were expected to provide Bass Pro with more flexibility to open stores, including opening closer to urban markets and exploring smaller markets.
> According to Moody’s, Bass Pro, which is majority-owned by its founder, John Morris, and privately held, had revenues in the 12 months ended Sept 26, 2020 of $7.1 bil. Sportsman’s Warehouse’s sales in 2020 were $1.45 bil.
9. Garmin makes switch from Nasdaq to NYSE.
> Garmin, Ltd. [GRMN] completed its listing transfer and began trading Tues as an NYSE-listed company. Garmin said it could now leverage all of the advantages of membership in the NYSE community.
10. Ever thought of adding an Ice Defense in your permie?
For those pesky holes that like to freeze-up overnight whether the thermostat is set at 65°F or 80°F hahaha: