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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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Labor Talk Blog: NLRB Notice Rule Violates First Amendment

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May 13, 2013

On May 7, the U.S. Court of Appeals for the District of Columbia struck down the NLRB's 2011 rule requiring businesses to post notice of employee rights under the National Labor Relations Act. The court found that the rule violated the constitutional right to free speech. The one-sided NLRB rule requires employers to post a notice informing workers of their right to unionize. The notice does not inform employees of their protected right not to join a union (in right to work states such as Tennessee) or of their right to decertify an existing union. This is a big victory for employers and further confirms that the NLRB members appointed by President Obama have been furthering their pro-union political agenda at the expense of American businesses and taxpayers. It is expected that the Obama administration will appeal this decision to the U.S. Supreme Court.


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