|Cabela's Incorporated (NYSE: CAB) experiencing a jump in the market early April 18, after Bass Pro shop acquired the company. This comes after a long and arduous acquisition deal faced speculation late last year. After a copious amounts of back and forth, Bass Pro Shop finally found a solution to the never ending Federal regulatory review of Cabela’s 5.7 Billion dollar assist toting banking division, Bass Pro found a way around the red tape with the nimble assistance of Synovus Financial Corp whom of which will buy the banking division of Cabela and sell it to Capital One Financial. Which is understandable why Bass Pro was eager to seal the deal as Cabela’s is a hunting camping and fishing main stay in many parts of the USA. Just in time for the warmer months, strategic planning at its finest! |
Cabela’s is the leading specialty retailer for hunting, fishing, camping and other outdoor related merchandise based in Nebraska since 1961. Cabela prides themselves of providing high quality outdoor prices at competitive prices, superior customer service and a valuable credit card program. Bass Pro, LLC operates retail stores in the US and Canada, leader in the outdoor retailer world. Synovus Financial Corp is a financial service company and a bank holding company that provides integrated financial services to its customers. Capital One Financial operates as the bank holding company for the Capital One Bank (USA) which services consumers, small business and commercial clients.