Federal Trade Commission seeks more info on merger; bank purchase could be postponed. Cabela’s Inc. listed two potential roadblocks to its purchase by Bass Pro Shops in a filing late Thursday with the U.S. Securities and Exchange Commission.
The Federal Trade Commission, which reviews corporate mergers to see whether they violate antitrust regulations, made a “second request” for information about the Bass Pro-Cabela’s combination. And Capital One Bank said it “likely” would not get federal bank regulators’ approval to acquire Cabela’s World’s Foremost Bank before Oct. 3, 2017, when its purchase agreement could be dropped.
To read the entire article, please click on this link http://www.nptelegraph.com/news/state/new-sec-filing-lists-potential-roadblocks-in-proposed-cabela-s/article_ed3037f2-ceba-11e6-9b88-b3e74089fed5.html