Capital One has cancelled its planned buyout of Cabela's in-house credit operation, which will likely deep-six the deal
http://www.retaildive.com/news/cabelas-bass-pro-merger-further-in-doubt-as-credit-card-business-sale-falt/436365
*Edited thread subject line to reflect more optimism regarding the merger
Quote from: retailisking on February 16, 2017, 11:22:51 AM
Capital One has cancelled its planned buyout of Cabela's in-house credit operation, which will likely deep-six the deal
http://www.retaildive.com/news/cabelas-bass-pro-merger-further-in-doubt-as-credit-card-business-sale-falt/436365
Good...
So they are struggling yet they just opened a brand new store in Gainesville, Va?
I don't think Cabela's is struggling. I'm thinking the Bass Pro buyout was a means to eliminate one more of the competitors, especially with Gander Mountain going under.
A small bank in Georgia has stepped in to possibly save the merger (if the government is ok with it, that is)
http://www.news-leader.com/story/news/business/2017/03/29/report-georgia-bank-could-potential-savior-bass-pro-cabelas-deal/99795220/
Looks like a done deal now
http://thehill.com/policy/energy-environment/340673-regulators-approve-bass-pro-shops-cabelas-merger