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Article Date: July 2017
Word Count: 625

Cabela’s Shareholders Approve Bass Pro Merger


Following a tortuous path that involved finding a new buyer for the credit card operation and a lengthy regulatory approval process, the final hurdle to the proposed merger of Cabela’s and Bass Pro was cleared when shareholders voted to approve the merger at $61.50 per share in a deal that will be worth $5 billion. It is expected to close in the third quarter of this year. As part of the deal, the credit card operation will be sold off the Synovus Bank, including $1.2 billion in deposits, and Capital One, the original buyer of the credit card operation, will ... Log in to view full article.

 


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