The Sidney Sun-Telegraph - Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper

Cabela's sought sale before getting hedge fund pressure

 


OMAHA (AP) — Financial documents show Cabela’s had been trying to sell itself months before an investor declared its big stake and publicly pushed for the sale.

The Omaha World-Herald reports that documents filed with the Securities and Exchange Commission last week detail the yearlong process to sell the Nebraska-based outdoor gear retailer.

Filings show Cabela’s management privately discussed selling the company as early as June 2015.

Elliott Management, a New York-based hedge fund, declared an 11 percent stake in October 2015, saying it would press for a sale. Elliott was in contac...



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