Missouri Minute: Bass Pro to buy Cabela’s for $5.5B; KC convention hotel raises doubts (Updated)

Updated Oct. 3 at 12:25 p.m.

Here are today’s top business headlines from across Missouri:

Bass Pro agrees to $5.5 billion acquisition of Cabela’s

Bass Pro Shops has agreed to acquire Cabela’s Inc. for $5.5 billion, bringing together two of the largest outdoor-sports retailers and marking a victory for an activist investor that had been pressuring Cabela’s to sell.Read more

Delay of KC convention hotel prompts concern, doubt

A series of obstacles is delaying a downtown Kansas City convention hotel, enough so that some city officials have doubts about whether it will proceed. Read more

Judge says Scott Tucker, other payday lenders owe $1.26 billion

A federal judge in Nevada has ordered Leawood, Kan.-based businessman Scott Tucker and others to pay the Federal Trade Commission more than $1.26 billion after finding that they ran a payday loan enterprise that systematically deceived its consumers. Read more

Emerson to acquire UK-based firm Permasense

Emerson is acquiring Permasense Limited, a United Kingdom-based provider of corrosion and erosion monitoring systems. Read more

Noranda gets court approval to sell New Madrid smelter

Noranda Aluminum Holding Corp. says it has received bankruptcy court approval to sell its New Madrid aluminum smelter and related facilities to ARG International. Read more

Updated Oct. 3 at 12:25 p.m.

The top item in this story and the story’s headline were updated to reflect confirmation of the acquisition and purchase price. 

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