Bass Pro to Acquire Sportsman’s Warehouse
Moody’s Investors Service said that Bass Pro Group, L.L.C’s planned acquisition of Sportsman’s Warehouse Holdings Inc. for approximately $800 million is a credit positive, but has no impact on the company’s ratings or outlook. On December 21, 2020, the two companies...
Ruby Tuesday files for Chapter 11 bankruptcy, citing ‘unprecedented impact’ of COVID-19
Ruby Tuesday will permanently close 185 stores that had shut their doors during the pandemic, leaving 236 operating locations Maryville, Tenn.-based casual-dining restaurant chain Ruby Tuesday on Wednesday filed for Chapter 11 bankruptcy protection, citing the...
1,600 Tech Jobs Coming to the Valley
More than one thousand jobs will soon be available in the valley after an announcement that a Taiwanese technology company will be building a $12 billion factory. Taiwan Semiconductor Manufacturing Company creates semiconductor chips that are found in Apple iPhones,...
1031 exchange deadline changes
Under the new IRS guidance, the 45-day and 180-day 1031 exchange deadline could be extended out to July 15, assuming either of those dates falls between April 1 and July 15. The IRS has put delays in place before for certain areas in the U.S. facing natural disasters...
Hiring sprees amid coronavirus pandemic
Friday, March 27, 2020 While many businesses are closing their doors, helping prevent the spread of the now-infamous COVID-19, many large “essential” businesses are actually thriving during this time of crisis. Grocery stores and pharmacies especially are...
How does COVID-19 affect contractual obligations?
Thursday, March 26, 2020 Legal Overview Businesses are facing extraordinary circumstances, many of them for the first time in their corporate history. “These circumstances that may excuse or delay their obligations to perform under existing contracts due to the...