Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Cabela's Plans to Change Its Business Model or Might Consider A Sale

Cabela’s Inc, hunting and fishing store chain, is considering a possible sale of itself and other strategic alternatives. Shares for the firm jumped 4.5% to $49 in premarket trading on Wednesday.

Cabela has yet to set a time for when the process should be completed and added that it could not assure that a sale is eminent.

The company announced it would restructure its business in October after forecasting flat earnings per share growth for 2015.

Guggenheim Securities LLC is Cabela’s financial adviser for the strategic review and Sidley Austin LLP and Koley Jessen PC are working as legal advisers.