Cabela's Nearly Year-Long Sale Process Proves The Market Rewards Patience

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It has been nearly a full year since Elliott Management disclosed its stake in <b>Cabelas Inc</b> (NYSE: <a href="http://www.benzinga.com/stock/cab#NYSE">CAB</a>) and urged the company to sell itself. As is often the case, the market rewards patience.


According to <a href="https://www.bloomberg.com/gadfly/articles/2016-10-03/why-cabela-s-reeled-in-a-better-than-expected-price-from-bass-pro">Gadfly's Gillian Tan,</a> Bass Pro's $65.50 per share offer to acquire Cabelas represents a "whopping" 96 percent premium to its hare price on October 27, 2015, the day before Elliott announced its stake and the last time Cabela's stock traded near $65.50 ...

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