Bloomberg reported the planned merger between Sportsman’s Warehouse Holdings Inc. and Bass Pro Shops was canceled.
Sportsman’s Warehouse and Great Outdoors Group LLC dropped the plan 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, according to the Bloomberg report.
The collapse of the deal comes at a delicate time for retail chains, as supply-chain challenges and labor shortages pressure the industry. Sportsman’s Warehouse would have gone private through the transaction.
