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Here is the Reuters story in it entirety:
The sources asked not to be identified because the deliberations are confidential. Bass Pro Shops declined comment, while Cabela's did not respond to a request for comment.
Shares of Sidney, Nebraska based Cabela's jumped as much as 13 percent on the news, giving it a market capitalization of around $3 billion.
Last month, Elliott disclosed an 11 percent stake in Cabela's and called for it to explore strategic alternatives, including a sale to a private equity firm.
Cabela's manages retail stores in the United States and Canada. The stores are known for their museum quality experience, offering taxidermy, a pond and other attractions.
Cabela's also runs a credit card business, through its wholly owned subsidiary, World's Foremost Bank.
Springfield, Missouri-based Bass Pro Shops was founded in the 1970s by Johnny Morris. Bass Pro has stores in the United States and Canada, as well as several in-store wild game and seafood restaurants.
(Reporting by Lauren Hirsch and Michael Flaherty in New York; Editing by Andrew Hay)