SIDNEY, Nebraska — U.S. antitrust regulators have ended their investigation into Bass Pro Shops’ $4 billion deal to buy Cabela’s, Cabela’s has reported.
According to a report in the Las Vegas Review Journal, the Nebraska-based chain said the Federal Trade Commission (FTC) signed off on the deal earlier 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, next Tuesday.
Stifel Nicholas analyst Jim Duffy said gaining FTC approval makes it much more likely that the merger of the two outdoor gear selling rivals will be completed.
Read the full article in the Las Vegas Review Journal.