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Archive for May, 2007

Tribune Announces Final Results of Tender Offer

Thursday, May 31st, 2007

Tribune Company today announced the final results of its tender offer which expired at 5:00 p.m., New York time, on Thursday, May 24, 2007. Tribune has accepted for payment 126,000,000 of the 218,132,108 shares tendered in the tender offer, at a price of $34.00 per share. The shares tendered represent approximately 90 percent of shares […]

Manchester Inc. Signs Definitive Agreement to Acquire Americars of San Antonio, Texas

Thursday, May 31st, 2007

Manchester Inc. (OTC Bulletin Board: MNCS) today announced that the Company has signed a definitive agreement to acquire all of the outstanding stock of JC Wink Inc., doing business as “Americars,” in an all cash transaction. The agreement targets a closing date of June 4, 2007 or as soon thereafter as all contemplated due diligence […]

Liquor Stores and Liquor Barn Agree on Enhanced Offer

Sunday, May 27th, 2007

- Liquor Barn board of trustees unanimously recommends acceptance of enhanced offer
- Exchange ratio increased to 0.57 of a Liquor Stores unit for each Liquor Barn unit
- Offer extended to June 7, 2007
Liquor Stores Income Fund (TSX: LIQ.UN) and Liquor Barn Income Fund (TSX: LBN.UN) announced today that they have entered into a support agreement […]

Film and Music Entertainment Executives Exercise Options

Sunday, May 27th, 2007

Film and Music Entertainment, Inc. (PINKSHEETS: FLME) announced today that its two top executives, John Daly, Chairman, President and CEO and Lawrence Lotman, Secretary and VP Finance had filed form 4s reflecting an exercise of the options currently available as granted under their respective employment agreements dated May 23, 2003. Mr. Daly exercised 2,250,000 […]

Gramercy Capital Corp. Closes $633.7 Million Commercial Real Estate RE-REMIC

Friday, May 25th, 2007

Gramercy Capital Corp. (“Gramercy”) (NYSE: GKK) announced it closed today on GSMS 2007-GKK1, a resecuritization of $633.7 million of recently-acquired commercial mortgage-backed securities (“CMBS”). The securities issued consist of $633.7 million of bonds rated AAA through BBB-, plus non-investment grade bonds and equity, a portion of which was acquired by Gramercy. Bonds and equity retained […]