Confident of changes, Elliott raises its stake in Cabela's

By Paige Yowell

Omaha World-Herald

The hedge fund that owns a big stake in Cabela’s and is agitating for change now owns about 2.2 million more of the company’s shares than it did at the end of 2015.

That the New York hedge fund is putting more chips on the table, finance watchers say, is a sign the fund is confident it’s going to get its way when it comes to a push for change at the retailer. That could include carving up the company and closing its headquarters in Sidney, Nebraska.

The recent buys bring Elliott Management’s ownership of Cabela’s to 9.3 percent of the company, up from its ini...