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Signed Off - Bass Pro Finally Reels in a Deal

Earlier this week, federal regulators finally signed off on the approval for Bass Pro to acquire rival Cabela’s for a projected $4 billion dollars. The deal includes Cabela’s retail and online properties, as well as the lucrative credit card unit that is part of the chain. Cabela’s shareholders are expected to vote July 11 on whether to accept the privately held Bass Pro’s offer of $61.50 per share. So, what will this mean for Cabela’s 82 locations and Bass Pro’s 95 retail stores? With Bass Pro’s one major rival acquired, how will it affect prices, competition and loyal customers? As well, with any acquisition or merger, there will be duplication. What can Bass Pro employees in Missouri or the 2,000 Cabela’s staff in Nebraska expect? There are many questions to be answered. This is where Missouri State University experts can help. Dr. Jeff Jones is an Assistant Professor in Finance and General Business at Missouri State. An expert in corporate finance, Dr. Jones has spoken with media previously regarding this developing business story. Simply click on his icon to arrange an interview. Source:

Mission to Mars – Pack Light on Materials and Heavy on Innovation

On Tuesday May 09, the Humans to Mars Summit kicks off in Washington D.C. This will be a meeting of some of the most powerful, brilliant, creative, scientific and corporate minds on earth. Together they are working on a way that someday soon we will visit Mars. Since 2010 this expanding group is realizing that exploring the red planet is within their grasp and possible during our lifetime. To get there, it will take innovations in science, technology and engineering like we have not seen in generations. Virginia Commonwealth University’s School of Engineering is part of a team that is making this trip a reality. The NASA-sponsored multidisciplinary Space Technology Research Institute (STRI) is working on new a composite material that makes use of engineered carbon nanotubes and will be much lighter—but much stronger—than what is currently available. Space craft need to exit and re-enter atmospheres. To do so, they need to be strong or the results are disastrous. Space travel and the concept of exploring other planets is high science and not easy for most earthly mortals to comprehend. That’s where the experts at VCU’s School of Engineering can help. Ibrahim Guven, Ph.D., assistant professor in the VCU School of Engineering Department of Mechanical and Nuclear Engineering, is an expert on peridynamics, a branch of mechanics that looks at the effect of deformities and fractures. Peridynamics is essential to planning for space travel and to understanding what it takes to get from Earth to Mars. He can explain these concepts in a simple manner and is available to speak with media. Simply click on his profile to arrange an interview. Source:

Are you one of the Canadians most likely to get a tax audit this year?

Every year, Canadian taxpayers fear the worst - a notice from the Canada Revenue Agency (CRA) informing you that you’re going to be audited. You should always prepare and file your income tax return under the assumption that your return will be looked at and scrutinized. The reality is, there very few are actually checked by the CRA - but that does not do you any good if you are the one. Apart from a random selection process there are many reasons why your return might be pulled for review or audit. If this is the case, the best advice we offer is to get your accountant involved immediately. Far too often our clients will start the process alone, answering a few questions that they think are simple and straightforward only to find they have simply provided the auditor with reasons to further pursue his or her review of your taxes. This is not to suggest that the questions are misleading. We are simply pointing out that you might not be aware of the implications of your answers and you can do yourself a disservice by providing an answer that simply leads to more questions. If you have prepared your return yourself go over it with a professional as soon as you receive your letter from CRA and let that individual deal with the CRA representative going forward. If you used a professional to prepare your return - get them involved immediately. Michael Burch is a managing partner at Welch LLP in Ottawa and is an expert in the fields of business, corporate/personal taxation and finance. He is an excellent speaker and is available to talk with media regarding this important topic. Simply click on Michael’s icon to arrange an interview. Source: