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Article Date: January 2017
Word Count: 380

Capital One Purchase of Cabela’s Credit Card Biz Won’t Meet Deadline

The acquisition of Cabela’s by Bass Pro hit another snag when Capital One, whose purchase of the credit card operation was part of the transaction, said on its earnings call that it would not be able to receive the necessary approvals from the Office of the Comptroller of the Currency by the Oct. 3 deadline to complete the transaction. Capital One said within the next week that the application would either be denied or withdrawn. The bank said it would continue to work with Cabela’s and Bass Pro to complete the deal, but that will obviously require Bass Pro and ... Log in to view full article.


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