Cabela’s: Is the M&A Wait Almost Over?

An announcement confirming a deal to create BassBela’s may finally be a reality by the end of the week.

It looks like the Bass Pro/Cabela's dance may be nearing its successful completion. Fresh news from Bloomberg and Reuters indicates that a deal for Cabela’s (NYSE: $CAB ) could be announced as soon as Monday. The articles state that Bass Pro and its partners, Goldman Sachs (NYSE: $GS ) and Capital One (NYSE: $COF ), will offer in excess of $4B for all of Cabela's.

We have always said that Bass Pro would be stupid to buy Cabela's retail operations and not acquire the credit card business, but Capital One no doubt would run the financial services (World’s Foremost Bank) if the deal goes through. The exact details of the transaction and who owns what will be interesting, assuming that everything is finalized. Forward View looks forward to good news soon.

Access the Sporting Goods Monitor research service on Harvest to read our full valuation analysis!