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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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Greg Parker and Alison Grippo Examine How Manufacturers Can Navigate Intellectual Property Pitfalls

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October 14, 2015

Bass, Berry & Sims attorneys Greg Parker and Alison Grippo authored an article outlining what manufacturers need to know about two recent U.S. Supreme Court decisions related to intellectual property rights and protection (Kimble v. Marvel Entertainment, LLC and Commil USA LLC v. Cisco Systems Inc.) The article notes, "[a]s intellectual property law evolves, so do the best practices for identifying and protecting intellectual property issues and assets. Accordingly, manufacturers should continually reevaluate and update their intellectual property strategies."

The full article, "Patent Law Update: Practical Legal Insight for Protecting Your Products," was published by IndustryWeek on October 14, 2015 and is available online.


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