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Bass Pro – Cabela’s takeover could be in trouble.

Posted on March 4th, 2017

News outlets across North America are reporting that Bass Pro’s $5.5 billion takeover of rival Cabela’s could be in trouble following the delay caused by the Federal Trade Commission’s request for additional information about the deal.

It has pushed back the potential closing date and that could jeopardise the sale of Cabela’s credit card operations to Capital One. If it is not approved by October 3rd all parties are free to walk away.

Capital One Chairman and CEO, Richard Fairbank, said in a conference call with financial analysts, that the company was preparing for such an eventuality.

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