Home Equities Score The reason which stems Sportsman's Wareh (SPWH) surge in the after-hours on...

The reason which stems Sportsman’s Wareh (SPWH) surge in the after-hours on Monday

Sportsman’s Wareh (SPWH) rose 36.92% to $17.32 in the after-hours on Monday following ‎the report that the company, with the aim of better serving its loyal customers, Sportsman’s ‎Warehouse has signed a definitive agreement with Great America Outdoors Group, the ‎parent company of Bass Pro Shops, Cabela’s, NAPA; and White River Marine. With a long-‎term outlook to benefit customers, team members, and conservation initiatives, the Great ‎American Outdoors Group will remain a private company. A share of Sportsman’s ‎Warehouse will be acquired for $18.00 in cash as part of the agreement.

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‎The partnership stems from the companies’ complementary business philosophies and ‎geographic footprints. These companies are passionate about sharing the outdoors with ‎their customers through various outdoor activities, including fishing, hunting, boating, etc. ‎Likewise, both retailers are highly regarded for offering an outstanding line of brand name ‎and proprietary products, superior customer service, well-trained staff, and a life-long ‎commitment to conservation. Unifying represents a unique “win-win” opportunity for ‎outdoor enthusiasts.‎
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Sportsman’s Wareh (SPWH) CEO Jon Barker said they are looking forward to a smooth ‎transition and building their partnership. We are extremely excited to be joining the Great ‎American Outdoors Group. This merger combines some of the biggest names in the outdoor ‎industry. With our two companies’ merger, we can now offer greater opportunities for our ‎associates to serve the outdoor enthusiast. I am so proud of how nearly 8,000 Sportsman’s ‎Warehouse associates have built our company over the last 33 years, he added.‎

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