[FONT=proxima_regular]Wow. I don't know if I like this or not.
Reuters is reporting that Bass Pro Shops is considering the purchase of Cabela’s. [/FONT]
[FONT=proxima_regular]People “familiar with the matter” are reporting that the retail giant is currently working with an investment bank on a potential offer. This comes after reports of Cabela’s exploring its possible options. Both parties have declined to comment on the matter, but a 13-percent hike in Cabela’s stocks has occured since the news broke. [/FONT]
[FONT=proxima_regular]Forbes estimates Bass Pro Shops founder Johnny Morris to be worth $4.1 billion, with Bass Pro Shops earning over $4 billion in revenue last year and employing approximately 20,000 individuals in 94 retail stores. Cabela’s reported $1.2 billion in revenue last year and operates 77 retail stores. [/FONT]
Reuters is reporting that Bass Pro Shops is considering the purchase of Cabela’s. [/FONT]
[FONT=proxima_regular]People “familiar with the matter” are reporting that the retail giant is currently working with an investment bank on a potential offer. This comes after reports of Cabela’s exploring its possible options. Both parties have declined to comment on the matter, but a 13-percent hike in Cabela’s stocks has occured since the news broke. [/FONT]
[FONT=proxima_regular]Forbes estimates Bass Pro Shops founder Johnny Morris to be worth $4.1 billion, with Bass Pro Shops earning over $4 billion in revenue last year and employing approximately 20,000 individuals in 94 retail stores. Cabela’s reported $1.2 billion in revenue last year and operates 77 retail stores. [/FONT]
