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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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Riney Green Rebuts Criticism of Recent Tennessee Corporate Code Amendment

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June 5, 2015

Bass, Berry & Sims attorney Riney Green set the record straight in an article regarding the recent misinterpretation of an amendment to the Tennessee Business Corporation Act (TBCA). As chair of the Tennessee Bar Association corporate law committee that proposed the specific amendment, Riney provided insight on the true meaning behind the 2015 amendment, which includes a new provision at Section 48-24-109, and was passed overwhelmingly by the Tennessee General Assembly in March 2015. As quoted in the article, Riney explains, "the statute creates …. safe harbor protection from liability for directors of a corporation which are in dissolution. This is a very non-controversial provision and it's unfortunate that the misunderstanding of it has created …. confusion."

The full article, "Lawyer Says New Law is 'Disaster' for Business Leaders," was published by the Chattanooga Times Free Press on June 5, 2015 and is available online.


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