Cabela's announces revised deal with Bass Pro

Cabela's yesterday announced a revised deal to sell its retail and bank businesses.

Under the revision, Bass Pro Shops now will pay $61.50 per share for Cabela's stock, lower than the original $65.50 per share price announced in October.

Cabela's also agreed to sell $1.2 billion in assets held by its World's Foremost Bank subsidiary to Synovus Financial Corp. Following that deal, Cabela's would sell its credit card assets to Capital One.

Read more from the Lincoln Journal Star.