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Cabela's stock soars on report about credit card unit sale


SIDNEY (AP) — Shares of Cabela’s soared following a report that the sale of its credit card unit and the $4.5 billion sale of its retail business to Bass Pro Shops had been revitalized.

The Wall Street Journal reported Wednesday that regional bank Synovus Financial based in Columbus, Georgia, was negotiating a role in the deal.

Previously, Cabela’s had said Capital One’s proposed purchase of the credit card unit attracted additional scrutiny that could have delayed the transaction.

The Federal Trade Commission has also requested additional information on the deal.

Cabela’s stock h...

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