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Fly News Breaks for April 1, 2015
SPWH, CAB
Apr 1, 2015 | 15:08 EDT
Wells Fargo noted that the Wall Street Journal reported, citing people familiar with the matter, that private-equity firm Leonard Green & Partners is in advanced talks to acquire a minority stake in Bass Pro Shops, valuing the company at $4B-$5B, including debt. The firm think's Leonard Green's reported interest speaks to the attractiveness of the outdoor sporting goods sector and supports the firm's Outperform ratings on peers Cabela's (CAB) and Sportsman's Warehouse (SPWH).
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