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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: SBA Testifies on Status of Expansion of Mentor-Protégé Program to All Small Businesses

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October 28, 2015

John Shoraka, Associate Administrator of Government Contracting and Business Development at the U.S. Small Business Administration (SBA), testified before the House Committee on Small Business Subcommittee on Contracting and the Workforce on October 27, 2015. Concerns were raised regarding the stagnant progress of implementing the expansion of the mentor-protégé program as provided for in the Small Business Jobs Act of 2010 and the National Defense Authorization Act for Fiscal Year 2013 (NDAA).

SBA's proposed rule, published on February 5, 2015, expands the mentor-protégé program to include all small businesses, which is currently only available to 8(a) small businesses (read more about the proposed rule on our February 11 blog post). The SBA estimates the final rule will be issued in the first quarter of fiscal year 2016 and expects to launch a pilot program in late summer 2016.

Mr. Shoraka testified that a major concern the SBA is facing in implementation of the rule is the lack of funding to manage the expected influx of mentor-protégés – which was not increased with the expansion of the mentor-protégé program.

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


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