Cabela's, in response to pressure from activist shareholder Elliott Management, said in December it would examine a wide range of strategic alternatives for the company. On Thursday, the company gave virtually no insight into the process, saying only that the review is continuing.
It is widely believed that Cabela's will sell either all or part of the company. Various media reports have said Bass Pro Shops, one of Cabela's main competitors, is readying a bid, possibly with the help of Goldman Sachs.. . . more