The Conservative Cave
The Bar => The Lounge => Topic started by: BlueStateSaint on March 24, 2016, 01:23:26 PM
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Wouldn't this create some sort of monopoly? :confused:
Cabela’s hunts for potential buyer in Bass Pro Shops
By Josh Kosman
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March 24, 2016 | 1:48am
(https://thenypost.files.wordpress.com/2016/03/earns_cabela.jpg?quality=100&strip=all&w=664&h=441&crop=1)
Outdoor retailer Cabela’s is getting serious about tracking down a buyer.
The 27-store chain — a destination for hunting, fishing and camping enthusiasts — in the past two weeks opened its financial books to rival Bass Pro Shops and other potential suitors, The Post has learned.
Cabela’s has been under fire since October from activist billionaire investor Paul Singer’s Elliott Management hedge fund, which bought an 11 percent stake and pressed management to consider options for boosting the stock price, including a sale.
The Sidney, Neb., company said in December it would explore strategic alternatives but held off distributing confidential financial information to potential buyers until now.
Bass founder John Morris, who controls the closely held Springfield, Mo.-based company, has long wanted to buy his closest rival, sources said.
I noticed something in the story. The name of Paul Singer. IIRC, he's a big contributor to political causes.
Anyway, the rest of this is here: http://nypost.com/2016/03/24/cabelas-hunts-for-potential-buyer-in-bass-pro-shops/
The nearest Cabela's is about 2 hours from me (Hartford CT). The nearest Bass Pro is half that. Guess which one I go to?
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I'd rather Bass Pro Shops buy Cabelas rather than the chinese government.