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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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Tim Garrett Provides Insight on DOL Overtime Exemption Rule

Law360

Media Mentions

May 19, 2016

Bass, Berry & Sims attorney Tim Garrett provided insight to Law360 on the Department of Labor's (DOL) final rule raising the minimum salary level for those employees qualifying for overtime pay. As Tim states for the article:

The DOL's final rules are significant as employers will now face a choice that could impact millions of workers. While most employers recognized the salary level needed to be raised, businesses were hopeful for a gradual implementation over time. An immediate increase by more than 100 percent will be especially difficult on small businesses and nonprofits, and employers in certain industries, such as retail and food service. Some fear that businesses will continue the move toward automating certain job functions, resulting in less job opportunities among lower-skilled workers and that the built-in automatic increase in the salary level every three years is a self-perpetuating inflation trigger.

The full article, "Attorneys React To DOL's Final Overtime Exemption Rule," was published by Law360 on May 18, 2016, and is available online.

To read additional analysis on this new rule, please read the Bass Berry Labor Talk blog post, "DOL Announces New Salary Level in Overtime Regulations."


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