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. (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 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, 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. (“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 [...]

Boyd Gaming Corporation (NYSE: BYD) today announced that it has completed its new $4 billion revolving credit facility. The new bank line replaces the Company’s existing credit facility. Boyd Gaming will use the proceeds to finance development initiatives and other general corporate purposes, and will benefit from reduced interest costs and greater financial flexibility.
Drawn pricing [...]

First in a Series of Asset Management Initiatives Designed to Leverage CIT’s Expanded Origination Platforms; Generate Non-Spread Revenues and Increase Return on Equity
CIT Group Inc. (NYSE: CIT) a leading global provider of commercial and consumer finance solutions, today announced that it has priced and closed its collateralized loan obligation (CLO) transaction, CIT CLO I, Ltd. [...]

Wall Street News Alert’s “stocks to watch” this morning are: ExchangeBlvd.com Inc. (PINKSHEETS: EXBV), Alltel Corporation (NYSE: AT), SIRIUS Satellite Radio (NASDAQ: SIRI) and eBay Incorporated (NASDAQ: EBAY).
ExchangeBlvd.com, Inc. (PINKSHEETS: EXBV) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Monday after the [...]

The Search Works, the European leader in search marketing services for online advertisers, today announces that it has promoted Jim Brigden, formerly Managing Director, to the role of CEO. In a related move, Stephanie Carr takes over from Jim Brigden as Managing Director. She was previously Deputy Managing Director. Nick Hynes remains CEO of The [...]

UTEK Corporation (AMEX:UTK) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Xcelience, Inc., a drug development and contract manufacturing company, today announced they have signed a technology acquisition alliance.
“Xcelience is pleased to execute this technology acquisition alliance with UTEK,” said Derek G. Hennecke, Chief Executive Officer of Xcelience. “This alliance may enable Xcelience [...]