Title: Bass Pro Shops
Passage: In October 2016, Bass Pro Shops announced that they had reached a deal to acquire competitor Cabela's for $5.5 billion. The deal is being financed via preferred equity financing from Goldman Sachs and Pamplona. Goldman Sachs will contribute $1.8 billion towards financing and Pamplona will contribute the remainder for a total commitment of $2.4 billion. The new entity is expected to be formed and in operation in Q1 or Q2 of 2017. The new entity will keep Cabela's base in Sidney and Lincoln, Nebraska. Morris will continue as CEO of the new entity. He will also be the majority shareholder of the new privately held entity. Tommy Milner stressed that the company had reviewed a range of options that would maximize value, with the board choosing to go the route of Bass Pro Shops.
Question: are bass pro shops and cabelas owned by the same company
Answer: yes