There is some speculation about it, but as Cabelas is a public company it seems premature to assume that it's happening. Talk about closing stores right away also seems odd, unless Cabelas is losing money big time.
In their 3rd Qtr earning release they mention restructuring part of which was the closing of their distribution center in Manitoba, CN and sale of nonproductive assets but say nothing about entering into negotiations with another party to sell the company. They are making money but earnings are down some vs. forecast (clothing sales underperformed). That started the restructuring they mention. Any buyout would have to be approved by a majority of shareholders.
Here is a Reuters article about Bass Pro seeking financing:
Business is good, Basspro always with a good crowd.
Thanks to the POTUS, two new Nor-Cal Bass Pros just opened recently in addition to the one nearest to me in CA's Central Valley. Also, in two nearby cities, a shooting sports store's coming soon and a 1st ever gun expo next week.
Bought a red dot optic in the local Basspro and asked if they would price match Cabelas. While the associate was getting all the approvals a couple of remarks came out as in 'how will we do this in the future' and 'must be the first time we price-matched ourselves'. I hope they don't merge or whatever it is called as the competition is a good thing for all of us. Other thing is there are lots of places where Basspro and Cabela's are in the same vicinity of one another..............
I worked in the original BPS in Springfield, MO., back when it was the only BPS. Johnny Morris used to have high rollers tour the place a couple times a year. We'd hear they offered him millions to sell the company but he turned them down. He started branching out after I left. I always have a soft spot for them. They used to have a Fall hunting classic and companies would offer great deals on guns and ammo. I remember getting a new Browning Buckmark .22 pistol for $150.
I was always told that Johnny modeled BPS after Cabela's stores. It would be interesting to see them merge.