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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? Find out more>

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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Securities Law Exchange BlogSecurities Law Exchange blog offers insight on the latest legal and regulatory developments affecting publicly traded companies. It focuses on a wide variety of topics including regulation and reporting updates, public company advisory topics, IPO readiness and exchange updates including IPO announcements, M&A trends and deal news.

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Defense of Unfair Labor Practice Charge for Highway Construction Company

Client Type: Private Company

We represented a privately held highway construction company in defending unfair labor practice charges filed with the National Labor Relations Board (NLRB). Two employees, separately and at different times, quit coming to work and claimed to be "on strike" due to alleged unsafe work conditions and substandard wages. Our team assisted the company in drafting separate letters inviting each employee to contact the company and share concerns and to explain that each employee was not considered "on strike" but rather was considered to be refusing to work. Each employee was notified that if he continued to refuse to work, he would be considered to have quit. The employees did not contact the company or return to work and were terminated. Claiming that they had engaged in "protected concerted activity" under Section 7, each employee filed an ULP charge as did the Iron Workers Union. After investigation by the NLRB, the two employees ended up withdrawing their charges, and the NLRB refused to issue a complaint on the Union's charge.

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