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Article Date: April 2017
Word Count: 647

Cabela’s Accepts Lower Bid in Bass Pro Merger


Bass Pro will now be paying $61.50 per share, a decrease of $4 from the original offer, in a deal that is expected to close sometime during Q3. The aggregate value of the deal is now $5 billion, down about $500 million from the original deal. The major snag in the deal, the inability of Capital One to get regulatory approval for the transfer of the credit card operation, was worked out when Synovus Financial, a GA bank, agreed to acquire Cabela’s World’s Foremost Bank and keep the deposits while transferring the credit card operation to Capital One, which had ... Log in to view full article.

 


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