Cabela's says Bas Pro deal faces new regulatory hurdles



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SIDNEY, Neb. (AP) — Cabela's say Bass Pro Shops' $4.5 billion deal to buy Nebraska-based the outfitter faces some new hurdles.

Cabela's said in a securities filing Thursday that the Federal Trade Commission wants more information about the merger. Cabela's said that it still expects the FTC to clear the Bass Pro purchase in the first half of 2017.

The filing says the second roadblock is banking regulator approval of Capital One's proposed takeover of Cabela's Lincoln-based World's Foremost Bank. Cabela's says Capital One doesn't expect approval sooner than Oct. 3, after which any of the companies involved could terminate the agreement. The companies wanted to close the deal by June 30.

Cabela's says in the filing that the three will look for ways to close the deal sooner than Oct. 3.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast