Looks like Bass Pro is closing in on a deal soon. I'm sure it will include BofA to take over the finance arm of the business.
Sounds like there is a buyer lined up for their credit card contingent on the sale of the retail part of the business.
Is it just me or does it sound like it's going to be Bank of America?
According to the Post, the deal is contingent on the sale of the retail part of the business and would be formalized at the same time such a deal is struck.The newspaper said the team of Goldman Sachs Capital Partners and Bass Pro Shops remains the favorite to buy the company, which has a market value of about $3.3 billion.
Thats what I am thinking too. It mentions it won't be finalized until the sale of Cabela's itself is finalized, so I basically interpreted that most likely BOFA has a deal in place to buy their credit card business barring Bass Pro's deal to buy Cabela's successfully goes through. I think thats the most likely scenario (but again thats just my guess, could be wrong)
|Total Credit: $192,100||Utilization: 1%||AAoA: 5yrs, 4mths||Installments: Car Lease, Marcus Loan||Baddies: 0||On Chop Block: Penfed, Citi|
Please let it be BofA.
Just asking for knowledge and curiosity but why do some want BoA? I understand most don't want Comenity (I understand why), but what about Citi or someone else?
Here's a wild and crazy thought, if it's not Bass who buys them but some investment firm, how about Amex, after losing Costco and JetBlue they could use it. Yes, I know, but I did say it was a wild and crazy idea.
Soundling more and more like Bass Pro has this in the bag. If this article is to be believed, other potential buyers dropped out.