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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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Brook Lathram and Jonathan Nelson Author Article on Tennessee Rule of Evidence 404(b)

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January 13, 2015

Bass, Berry & Sims attorneys Brook Lathram and Jonathan Nelson authored the article, "The Time is Right to Amend Rule 404(b)," that was published in the Fall 2014 (Volume 45, Number 1) issue of the The University of Memphis Law Review. In the article, Brook and Jonathan analyze the definition of "person" established by the Tennessee Supreme Court's 2002 decision in State v. Stevens. In 2014, the Tennessee General Assembly passed the Channon Christian Act to abrogate, in part, the definition issued in Stevens. Brook and Jonathan argue that, while the latest Act is commendable, the Supreme Court Rules Advisory Commission should go further and propose to the Tennessee Supreme Court an amendment to Tennessee Rule 404(b) that makes clear that the rule applies in both civil and criminal cases and without regard to whether the "other acts" are those of a party or non-party.

To read the full article, click on the PDF link below.

Copyright 2014 The University of Memphis Law Review
Reprint permission granted.

Download Document - University of Memphis Law Review - Fall 2014

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