There are questions and also answers after ~ Bass agree Shops announced the $5.5 billion acquisition of Cabela’s top top Monday. The greatest question: What wake up to the 2,000 workers at Cabela’s headquarters in Sidney, Nebraska, a town of 6,800 about six hours west the What we carry out know: Nebraska is losing another biggie — this time a member the the fortune 1000 perform of the U.S.’ biggest companies. Cabela’s clocked in at No. 592. Currently it join ConAgra foods items — No. 176 — on one exodus native Nebraska after Missouri-based Bass agree snapped increase the out retailer.

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Some most likely will close, especially in areas where bass Pro currently operates its own stores. In the area, that can mean either the Bass pro in board of directors Bluffs or the Cabela’s in La Vista could shut. No one of these changes will happen anytime soon, though. The deal doesn’t close till the first half of following year, and even then, transforms at the retail save level most likely won’t take place immediately. Base Pro monitoring in Springfield, Missouri, will desire to look at the books and also see what renders sense.

No. Yet what form it take away is unclear. Will it still adorn retail stores around the country? Or will certainly it just be a brand sold within Bass pro Shops? Bass agree Chief executive Johnny Morris said just that “Bass agree Shops has actually every intentionally of celebrating and growing the Cabela’s brand.” No native on what that means, specifically.

Cabela’s because that years had actually been struggling with bad “same-store sales.” That’s retail lingo because that sales rung up at shop that have been open for an ext than a year versus sales at the very same stores the vault year. It additionally expanded conveniently after issuing share to the public in 2004. Some wall surface Street types say it expanded too quickly, opened stores too close to each other that cannibalized off of each other. That form of performance attracted the attention of Elliott Management, an activist investor. Activist investors — which used to be dubbed “vulture funds” ago in the 1980s — swoop in when they smell blood, to buy up huge stakes in companies and then pushing for big changes. Elliott announced its huge stake last October. The fund probably wasn’t going to go away uneven it gained some sort of change that goosed the worth of its share holdings. It gained that readjust Monday. The paid approximately $38 a share because that its usual stock, Dow Jones reported. Bass is buying Cabela’s because that $65.50 a share.

That’s the toughest inquiry for Nebraskans. The Panhandle city is the meaning of a “company town.” Usually once a agency acquires an additional — as base is doing with Cabela’s — the acquiring company closes shop that the acquired. Cabela’s headquarters, then, can be excellent for. What Bass agree leaves behind in Sidney, ~ above the various other hand, is one more question. Bass claims it “intends to proceed to maintain important bases that operations” in Sidney and in Lincoln, whereby the company has much more than 500 employees who work for the credit-card division. But wall surface Street watchers speak the whole reason for a tie-up like this is to cut expenses when it pertains to duplication. (There’s no factor to have two marketing departments, two IT departments and so on.) That means there are most likely to be an extensive job cut in Sidney — but just how plenty of we most likely won’t understand until following year, ~ the transaction closes. Until then, the a sad waiting game in Sidney.

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You have the right to be forgiven if you have the feeling that Nebraska simply went v something similar. Hometown packaged-food gigantic ConAgra Foods, which had been based in due to the fact that 1922, itself became the target of one activist investor last year. That activist, Jana Partners, also said it want to see large changes in ~ ConAgra, which, favor Cabela’s, had actually been viewed as an underperformer in that sector. The end result: large job cut in and the leave of the that company headquarters to Chicago. (It tho employs 1,200 office workers here.) “I doubt the anything in the water in Nebraska,” Jay Lorsch, a Harvard company School professor told us last year as soon as we request him even if it is Nebraskans should be worried that two of your corporate crown jewels had actually been target by two different activists. Still, you have to wonder.