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Bass Pro Shops Consider Purchase of Cabela's
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<blockquote data-quote="MuskyManiac" data-source="post: 60376" data-attributes="member: 381"><p><span style="color: #454545">[FONT=proxima_regular]Wow. I don't know if I like this or not.</span></p><p><span style="color: #454545"></span></p><p><span style="color: #454545"></span></p><p><span style="color: #454545">Reuters is reporting that Bass Pro Shops is considering the purchase of Cabela’s. [/FONT]</span></p><p><span style="color: #454545">[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]</span></p><p><span style="color: #454545">[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]</span></p></blockquote><p></p>
[QUOTE="MuskyManiac, post: 60376, member: 381"] [COLOR=#454545][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][/COLOR] [COLOR=#454545][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][/COLOR] [COLOR=#454545][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][/COLOR] [/QUOTE]
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