Newspaper article St Louis Post-Dispatch (MO)

Antitrust Regulators Sign off on Cabela's Sale to Bass Pro

Newspaper article St Louis Post-Dispatch (MO)

Antitrust Regulators Sign off on Cabela's Sale to Bass Pro

Article excerpt

SIDNEY, Neb. * U.S. antitrust regulators have ended their investigation into Bass Pro Shops' $4 billion deal to buy Cabela's, Cabela's said Wednesday.

The Nebraska-based chain said the Federal Trade Commission signed off on the deal this week, but banking regulators still haven't approved one part of the transaction. Cabela's shareholders will vote on the deal, which would pay them $61.50 per share, on Tuesday.

Stifel Nicholas analyst Jim Duffy said gaining FTC approval made it much more likely that the merger of the two outdoor gear selling rivals would be completed.

In addition to selling Cabela's stores, website and catalog business to Bass Pro, the company plans to sell its credit card unit. Ultimately, the deal calls for the credit card business to be sold to Capital One. …

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