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.
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