Bass Pro Shops in the hunt for Cabela’s

Bass Pro Shops, the fishing tackle and sporting goods retail giant, is exploring the possibility of making an offer for Cabela’s, one of its largest competitors.

Reuters reports that Bass Pro Shops is in the process of securing financing for a potential deal. Officials of both companies declined requests for comment.

Shares of Cabela’s have risen by as much as 13 percent based on the rumor.

Cabela’s, a publicly owned company, reported $1.2 billion in revenue last year. It operates 77 stores in the U.S.

Bass Pro Shops is estimated by Forbes to have brought in over $4.3 billion in revenue last year. It ranks among the largest 100 privately-owned companies in the country.

Based in Springfield, Mo., Bass Pro has about 20,000 employees in its 94 retail stores spread across the country.

Bass Pro has stores in Olathe and Independence.

Cabela’s has a store in the Legend’s Outlets shopping area in Kansas City, Kansas.

This story was originally published November 13, 2015 at 8:08 AM with the headline "Bass Pro Shops in the hunt for Cabela’s."