Appears the stock jumped a bit on the news. It's no done deal yet, but Bass Pro looks to be wanting to buy them out with the help of Goldman Sachs. I don't own any Cabela's stock, so I don't know why they're even open to selling.
----------------
Exclusive: Bass Pro teams up with Goldman for Cabela's bid - sources
BY Reuters ? 10:13 AM ET 04/19/2016
By Lauren Hirsch and Greg Roumeliotis
(Reuters) - Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, people familiar with the matter said.
The move gives Bass Pro the equity financing necessary to pursue Cabela's and makes such a deal more likely, given the potential cost savings and synergies a combination of the two U.S. hunting and finishing retailers would bring.
Sidney, Nebraska-based Cabela's said in December it was working with investment bank Guggenheim Securities LLC to explore strategic alternatives including a sale, following pressure from activist hedge fund Elliott Management Corp.
Bass Pro's and Goldman's consortium face competition for Cabela's from buyout firms, and the sale process is still in the early stages, the sources said on Tuesday.
Cabela's has also been exploring selling its credit card business separately and received expressions of interest from other potential buyers, the sources added.
The sources asked not to be identified because the deliberations are confidential. Bass Pro and Cabela's did not respond to requests for comment, while Goldman declined to comment.
(Reporting by Lauren Hirsch and Greg Roumeliotis in New York; Editing by Jeffrey Benkoe)
----------------
Brian Latturner
MonsterMuleys.com
LIKE MonsterMuleys.com on Facebook!