The Traderszone Network

Published in TZ Latest News 15 July, 2017 by The TZ Newswire Staff

Buying Cabela’s Still a Bad Idea for Bass Pro Shops

It’s not too late for Bass Pro Shops to back out of its acquisition of Cabela’s (NYSE: CAB). Sure, it was a lengthy and expensive process getting the deal through the Federal Trade Commission approval process, and Cabela’s shareholders just approved the $5 billion merger, despite the purchase price dropping from the original $5.5 billion offer. While it might cost Bass Pro a pretty penny in breakup fees if it did back out now, it ultimately could be cheaper for the sporting goods retailer in the long run, rather than going forward and consummating the deal.

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