Synovus' acquisition of World's Foremost Bank approved

The Board of Governors of the Federal Reserve System approved Synovus Bank's (NYSE: SNV) acquisition of Cabela's Inc. (NYSE: CAB) subsidiary World's Foremost Bank. Shares of Synovus Financial slipped 65 cents to close at $40.52 while Cabela's stock surged $7.62 to close at $61.06.

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