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Fly News Breaks for March 2, 2017
CAB
Mar 2, 2017 | 09:21 EDT
Northcoast analyst Chuck Cerankosky said Cabela's shares are trading below $48, well below Bass Pro's $65.50 offer and believes his $60 price target is reasonable and provides room for a potential final deal price adjustment. He strongly believes investors have placed too much too much concern around the government agencies and said other banks are interested in Cabela's Visa card business, World's Foremost Bank, which Capital One intends to purchase.
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