HALISTER1: Capital One Says AML Woes May Delay Cabela’s Deal (Yesterday)

Capital One Says AML Woes May Delay Cabela’s Deal (Yesterday)

(Bloomberg) -- Capital One said in 4Q earnings call yesterday that it doesn’t expect to get regulatory approval for Cabela’s deal before Oct. 3 termination date; sees withdrawing Bank Merger Act application in “next week or so” or having application denied by OCC.
  • Unlikely to refile application until after co. has finished work under anti-money laundering (AML) consent order
  • NOTE: Dec. 30, Cabela’s Gets Second FTC Request, Sees Delay With Capital One
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
COF US (Capital One Financial Corp)
CAB US (Cabela's Inc)

To de-activate this alert, click here

UUID: 7947283