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How did an interest in healthcare policy lead Robert Platt to a career in the law? Find out more>


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Envision to Sell to KKR for $9.9 Billion

We represented Envision Healthcare Corporation (NYSE: EVHC) in its definitive agreement to sell to KKR in an all-cash transaction for $9.9 billion, including debt. KKR will pay $46 per Envision share in cash to buy the company, marking a 32 percent premium to the company's volume-weighted average share price from November 1, when Envision announced it was considering its options. The transaction is expected to close the fourth quarter of 2018. Read more

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Six Things to Know Before Buying a Physician Practice spotlight

Dermatology, ophthalmology, radiology, urology…the list goes on. Yet, in any physician practice management transaction, there are six key considerations that apply and, if not carefully managed, can derail a transaction. Download the 6 Things to Know Before Buying a Physician Practice to keep your physician practice management transactions on track.

Click here to download the guide.

William Lay Authors Article on Preferred Stock Redemption Restrictions

Transactions: The Tennessee Journal of Business Law


June 22, 2017

Bass, Berry & Sims attorney William Lay authored an article for Transactions: The Tennessee Journal of Business Law outlining statutory and common law restrictions imposed on preferred stock redemption rights and recent decisions by the Delaware Chancery Court pertaining to restrictions concerning redemption provisions. The article covers the following three topics:

  • Part 1 introduces and describes redemption restrictions imposed by DGCL § 160 and Delaware common law.
  • Part 2 analyzes the methodology used by the Delaware Chancery Court in interpreting and construing redemption restrictions and provisions citing three recent cases.
  • Part 3 offers recommendation that issuers implement to avoid problems associated with redemption restrictions.

The full article, "Preferred Stock Redemptions: Limiting Liability Under DGCL § 160," was published in Transactions: The Tennessee Journal of Business Law in the Spring 2017 issue and is available online. Transactions: The Tennessee Journal of Business Law is a publication of the University of Tennessee College of Law.

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