Skip to content
Subscriber Only

Bass Pro Said to Win Auction for Outdoor-Gear Rival Cabela’s

  • Retailer said to beat private-equity firm Sycamore Partners
  • Activist investor Elliott Associates had pressed for a sale
Video player cover image

Bass Pro Shop Reels In Cabela's in $5.5 Billion Deal

Updated on

Bass Pro is close to acquiring Cabela’s Inc. in a deal that would unite two of America’s largest outdoor-sports equipment retailers, according to people familiar with the matter.

Closely held Bass Pro beat out competition from private equity bidder Sycamore Partners, the people said. While the price and terms are still being completed and an agreement isn’t certain, the deal could be announced as soon as Monday, said the people, who asked not to be identified because the matter is private.