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US: Regulators raise concerns over Bass Pro and Cabela’s merger

By  |  January 1, 2017

Cabela’s says Bass Pro Shops’ $4.5 billion deal to buy the Nebraska-based outfitter faces some new hurdles.

Cabela’s said in a securities filing Thursday that the Federal Trade Commission wants more information about the merger. Cabela’s said it still expects the FTC to clear the Bass Pro purchase in the first half of 2017.

The filing says the second roadblock is banking regulator approval of Capital One’s proposed takeover of Cabela’s Lincoln, Nebraska-based World’s Foremost Bank. Cabela’s says Capital One doesn’t expect approval sooner than Oct. 3, after which any of the companies involved could terminate the agreement. The companies wanted to close the deal by June 30. Cabela’s, based in Sidney, Nebraska, says in the filing that the three will look for ways to close the deal sooner than Oct. 3.

Full Content: Wall Street Journal

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