Residents blame hedge fund for downfall of Sidney, Nebraska

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Residents of Sidney, Nebraska, told "Tucker Carlson Tonight" the town has suffered drastically after Bass Pro Shops' acquisition of Cabela's. But they blame a hedge fund for the downfall.

Fox News reports Paul Singer's Elliott Management pushed for a sale after it disclosed an 11% stake in Cabela's. After the sale announcement, Elliott Management sold its shares, reportedly making at least $90 million.

“Cabela’s was the keystone employer in town. Everything, not everything, but most things revolved around that," Sidney Mayor Roger Galloway said.

Tim O’Connell, a local lumberyard owner, said Singer "destroyed" Sidney with the move. He said just one new home has been built in Sidney during the past two years.

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