Sources say that a Bass Pro Shops consortium, that includes the equity arm of Goldman Sachs and Capital One Financial Corporation is the front runner to acquire Cabela’s Inc the retailer based in the U.S. specializing in outdoor gear, according to people who are close to this matter.

This deal would bring together two of the largest retailers of fishing and hunting and likely would come under antitrust scrutiny.

A deal would be nearly one year after Cabela announced it was exploring different strategic alternatives that included a possible sale, after being pressured from Elliott Management Corp an activist investor.

The price the consortium from Bass Pro Shops offered Cabela was not immediately known, but this deal would value Cabela at over $4 billion, said the sources.

The consortium has thus far prevailed over a bid from a rival private equity company called Sycamore Partners that teamed with Synchrony Financial a credit card company for their offer.

While the possibility exists the outcome could change, the deal might be announced this week, said sources.

Those same sources requested anonymity due to the negotiations being confidential. Goldman Sachs and Cabela would not comment, while Bass Pro and Capital One did not respond to requests of making a comment.

Cabela, based in Sidney, Nebraska, and Bass Pro, based in Springfield, Missouri, have been the places to go for the outdoor enthusiast ever since being founded in 1961 and 1971 respectively.

As the retail industry as a whole struggles to compete with online retailers, like Amazon, Cabela and Bass have targeted customers that seek a one stop shopping destination for expert advice, shopping and entertainment.

Both companies also benefited at times from their large business of hunting guns, as steep swings in the industry have been experienced that causes sales to be volatile amidst the uncertainly of changes in gun laws.

Both of these retailers have a strong foothold across the U.S., with overlap in places such as Kansas, Missouri and Texas. However, the close to 80 Cabela stores have stronger presence in the Northwest, while the nearly 100 Bass Pro shops are concentrated more in the Northeast region of the U.S.

It has been reported previously that Bass Pro together with Goldman Sachs teamed up with Capital One as Capital One has an interest in the Cabela credit card business.

That business, known as World’s Foremost Bank had close to 2 million accounts that represent $5 billion in loans with revenue of more than $502 million during 2015.

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