Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
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The worst fears of Sidney, Nebraska, could soon come to pass if Bass Pro Shops buys Cabela's, the local retailer that employs 2,000 people in the town of 6,800. Bass Pro is one step closer to purchasing Cabela's now that it has teamed up with New York investment bank Goldman Sachs, whose private-equity branch will provide the financial muscle to do a deal, the Reuters news service reported Tuesday, without citing sources. That could be good news for Cabela's shareholders: The company's stock...
Cabela's employees and shareholders wondering what's ahead for the Sidney, Nebraska, retailer could have an answer by the end of the month. If past years are any indicator - and Wall Street types say they should be - Cabela's will announce the date of the company's annual shareholders' meeting by the end of April. That meeting takes on extra importance this year: It's the first annual meeting since the company has been under pressure from a powerful "activist" investor, New York-based Elliott...