Cabela's hires 'defender' against activist investors as it reportedly considers selling itself

[Omaha Steve]

Source: Omaha World Herald

By Paige Yowell

Cabela’s has hired a communications firm that advertises itself as a “defender” of companies against activist investors as the retailer could be looking to put itself up for sale.

"No one has defended more companies against the big-name activist shareholders," the firm, Joele Frank, says on its website.

Cabela’s hasn’t commented publicly on the activist’s stake, but the hiring of Joele Frank suggests the Sidney-based company isn’t rolling over in the face of the big shareholder agitating for change.

"You’ll have to talk to Tommy Millner," Jim Cabela, chairman of the company, told The World-Herald when contacted by telephone Thursday. Millner is chief executive of Cabela’s. He didn’t return phone calls.

FULL story at link.



Read more: http://www.omaha.com/money/cabela-s-hires-defender-against-activist-investors-as-it-reportedly/article_0341485c-8f1e-11e5-8c9c-db6108e5a171.html

[Scuba]

1. I stopped buying from Cabela's when they started featuring Wayne LaPierre in their catalog.

Bud Grant and Brett Favre were both cast aside to give LaPierre yet another platform to spew his gun-centric policies. No thanks.