Synovus deal will enable Bass Pro Shops/Cabela’s deal to proceed
April 18, 2017
Synovus Financial Corp. has agreed to buy the banking assets of Cabela’s while Capital One will acquire the chain’s credit card portfolio. Capital One had planned to buy both the banking and card assets but was unable to get regulatory approval to move forward. Now that the Synovus deal is announced, Bass Pro Shops’ acquisition of Cabela’s appears to be clear to proceed.
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