Cabela's (CAB) Gains on Rumors

September 19, 2016 2:26 PM EDT

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(Updated - September 19, 2016 2:27, 3:37 PM EDT)

Cabela's (NYSE: CAB) gained Monday on rumors that its sales process is in the "final stretch." The source of the rumor was DealReporter.

Sources told DealReporter that Bass Pro and Sycamore Partners remain in the bidding for its retail operations, and a deal is expected within the next few weeks.

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