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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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GovCon Blog: GSA's New MAS Contractor Assessment Report – Is It Better?

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June 22, 2015

The General Services Administration (GSA) recently announced that beginning June 15, 2015, it will be using a new contractor assessment report to evaluate contractors with Multiple Award Schedule (MAS) contracts. The new report will be issued to contractors after GSA industrial operations analysts (IOAs) conduct their contract assessments. The report will be limited to performance against contract terms and conditions and will be provided only to GSA and the individual contractor. The idea is to provide timely and tailored feedback to contractors and the acquisition community on issues pertinent to MAS contract compliance. GSA leadership spent two years developing the new report, which is intended to replace the Contractor Assistance Visit Report and the Administrative Report Card. GSA stated that assessments will be more frequent with contracts likely to have compliance issues, based on yearly sales. GSA hopes the Contractor Assessment Report will allow contractors and Contracting Officers to address problems before they become major issues.

A comparison of the new report and the old Administrative Report Card reveals two distinct differences. First, the new report appears to omit items that were included in the old report. Such omissions include whether the contractor has remitted the Industrial Funding Fee on time, whether the contractor is capable of accepting the Governmentwide Commercial Purchase Card, and whether a contractor is identifying items on GSA Advantage that have environmental attributes. If these items are to be covered under the new report, GSA should specifically identify under which categories those issues will be addressed.

Second, the new report, as a whole, is far less detailed. The lack of detail is unfortunate as it will provide less guidance to contractors. In addition, the lack of detail would appear to provide much broader discretion to the IOAs when conducting these assessments. While the old report card may not have been perfect, it at least contained enough direction to provide contractor’s with predictability as to what to expect during their MAS contract assessments.

Read more about government contracts on www.BassBerryGovCon.com.


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