Bass Pro Shops, the fishing tackle and sporting goods retail giant, is exploring the possibility of making an offer for Cabela’s, one of its largest competitors.
Reuters reports that Bass Pro Shops is in the process of securing financing for a potential deal. Officials of both companies declined requests for comment.
Shares of Cabela’s have risen by as much as 13 percent based on the rumor.
Cabela’s, a publicly owned company, reported $1.2 billion in revenue last year. It operates 77 stores in the U.S.
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Bass Pro Shops is estimated by Forbes to have brought in over $4.3 billion in revenue last year. It ranks among the largest 100 privately-owned companies in the country. Based in Springfield, Mo., Bass Pro has approximately 20,000 employees in its 94 retail stores spread across the country.
Bass Pro has major outlets at Concord Mills near Charlotte Motor Speedway, in Raleigh and at Myrtle Beach. Cabela’s has stores in Mooresville, at Ft. Mill near Carowinds, and near Greenville, S.C. Observer News Services
Wilmington angler wins mackerel tourney
Stan Hollingsworth of Wilmington, fishing from a boat named Bug N A Rug, won the recent U.S. Open King Mackerel Tournament at Southport/Oak Island. His winning 50.4-pound king earned overall prize money of $58,413.
Anglers fishing from 323 boats competed in the event, postponed from Oct. 2-4 because of bad weather. The top 17 finishers weighed in king mackerel exceeding 30 pounds each.
Second place and $33,233 went to Team Onslow Bay and angler Brad Knight with a 37.75-pound king. Taking third was Cape Carteret fisherman C. Mark Henderson who boated a fish of 37.55 pounds and won $18,615.
Top finisher among Piedmont area anglers was Douglas Stamey of Albemarle, who placed ninth aboard the Ratical with a fish of 33.6 pounds, worth $1,100. Tom Higgins
▪ Jordan McBee teamed with Benji and Riley Brown to win Carolina CATT fishing tournament Saturday at Lake Wylie. The trio from Spartanburg boated catfish weighing 82.33 pounds. Fishing alone and finishing second with 76.89 pounds was Jeff Manning of Gastonia. Third place went to the trio of Brian Snipes, Bubba and Mason Branch of McConnells, S.C., with 72.18 pounds.
Catches of the week
▪ A 28-pound blue catfish at Lake Norman by Cliff Compton of Denver, N.C., while fishing with neighbor and guide Mac Byrum.
▪ A 35 1/2-pound king mackerel off Georgetown, S.C., by Andy Justice.
▪ During a blackfin tuna blitz off Hatteras Village on Sunday the the following unusually large fish were boated: A 34-pounder by Woodrow Park of Clemmons;, 33-pounders by Will Hill of Cary and Tyler Lay of Winston-Salem; 32 pounds by Tyler Hill of Cary and Gregory Brisette of Raleigh; 31 pounders by William Harris of Pittsboro and Frederick Adams, Sr., of Morrisville.
▪ A 5-pound hybrid and 4 1/2-pound smallmouth bass hooked simultaneously by Boots Beasley of Mooresville while fishing at Cherokee Lake in Tennessee.
▪ A 42-inch Cherokee Lake striped bass by Brandon Childress of Troutman.