Report: Bass Pro Shops closer to buying Cabela's

Bass Pro Shops might be closer to buying Cabela’s Inc.

The outdoor chain has been exploring the idea but got more serious about it recently, partnering with Goldman Sachs Group Inc.'s private equity arm to make an offer for Cabela’s, according to a report by Reuters that cited “people familiar with the matter.”

It said the move “gives Bass Pro the equity financing necessary to pursue Cabela's and makes such a deal more likely, given the potential cost savings and synergies a combination of the two U.S. hunting and finishing retailers would bring.”

To read the Reuters report, click here.

Cabela’s has locations in Mitchell and Rapid City. Bass Pro Shops has been looking at sites in Sioux Falls for a decade, a company representative said last year.