Deals
Cabela's Starts Exploring Options Amid Activist Pressure
- Guggenheim is providing retailer with financial advice
- Activist investor Elliott has pushed retailer to consider sale
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Cabela’s Inc., under pressure from activist investor Elliott Associates to pursue a sale, has started exploring strategic alternatives to enhance shareholder value.
Guggenheim Securities is providing the retailer with financial advice, while Sidley Austin and Koley Jessen are serving as legal counsel, Sidney, Nebraska-based Cabela’s said Wednesday in a statement. Bloomberg News reported last month that Guggenheim had been reaching out to a small group of potential private equity buyers and strategic acquirers on behalf of Cabela’s.