Why Sportsman's Warehouse Is Plunging Today
Shares of Sportsman's Warehouse (NASDAQ: SPWH) were tumbling in morning trading Friday after the outdoor equipment and lifestyle retailer announced its merger with Great Outdoors Group was being called off due to antitrust concerns. Shares were down 18.9% as of 11:55 a.m. ET.
Great Outdoors Group also owns Bass Pro Shops and Cabela's, as well as White River Marine Group. Having received feedback from the Federal Trade Commission, the retailers said they did not believe the merger would have received regulatory approval.
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Source Fool.com
