Stifel Nicolaus analyst Jim Duffy said gaining FTC approval makes it more likely that the merger of the two companies will be completed, according to the Associated Press. Nebraska-based Cabela’s shareholders will vote on the deal on Tuesday, which would pay them $61.50 per share.
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The deal was initially announced back in October 2016, and because Cabela’s is a publicly traded company there are a number of federal regulations that need to be followed while the transaction is pending. Bass Pro Shops is a privately-owned company.
Both Bass Pro and Cabela’s have a big presence in this region. Cabela’s has a 70,000-square-foot store at 5500 Cornerstone North Blvd., in the Cornerstone at Centerville development off exit 7 of Interstate 675 near Wilmington Pike, and a location in West Chester Twp. The stores employ about 130 employees.
Bass Pro Shops has a location in Forest Park just north of Cincinnati.
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