Deals
Bass Pro Shops Merger Is Called Off Amid Regulatory Pushback
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Sportsman’s Warehouse Holdings Inc., a retailer for outdoor equipment, slipped in late trading after announcing its planned merger with the owner of the Bass Pro Shops chain was canceled.
Sportsman’s Warehouse and Great Outdoors Group LLC opted to terminate the deal after the Federal Trade Commission indicated the companies wouldn’t get clearance to complete it, according to a regulatory filing. Great Outdoors will pay a $55 million termination fee.