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Cabela's

Cabela's and Bass Pro each could be on the hook for a nine-figure breakup fee if their proposed merger doesn't go through.

They say breaking up is hard to do, and in the case of the Cabela's-Bass Pro merger, it could cost either company nine figures if the deal falls through.

According to documents filed with the Securities and Exchange Commission on Friday, both companies could wind up paying the other if they back out of the $5.5 billion deal.

Cabela's would have to pay Bass Pro a $126 million "breakup" fee under certain circumstances while Bass Pro could owe Cabela's $230 million if it was responsible for the deal not going forward.

The filing did not specify under what circumstances a breakup fee would need to be paid.

Capital One, which will take over the World's Foremost Bank credit card operation in Lincoln as part of the deal, would share in any breakup fee.

According to the filing, it would get $14 million if Cabela's backs out or 10 percent of whatever Bass Pro pays Cabela's if the deal is scuttled for another reason.

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Reach the writer at 402-473-2647 or molberding@journalstar.com.

On Twitter @LincolnBizBuzz.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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