delay and allow this once proud company to continue free-falling, they may be able to renegotiate. If the merger does not occur as planned, CAB stock price will plummet to level of Sears and JCP.
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Actually it's going up...in the last month the share price is up almost $5. It's been holding pretty much stable for the last week. I'm actually surprised there was no upturn with the FTC approval.
Doesn't the bank being sold to Synovus need finalized also?
I don't see BP walking away this late in the game. With FTC approval and looming shareholder vote, the deal is all but done. Yes Cabela's value continues to drop, but that's why BP buyout dropped from $65 to $61.50.
If the shareholders approve it, it's a done deal.
We will see