Clear Channel Communications, Inc. (NYSE:CCU)
Press Release by the Company
The company confirmed today that its Board of Directors is evaluating various strategic alternatives to enhance shareholder value. The company has retained Goldman, Sachs & Co. as its financial advisor in connection with its evaluations. The stock moved up 6% after-hours today on the news, despite the fact that the Company said it "does not intend to comment further publicly with respect to the exploration of strategic alternatives unless a specific transaction is approved by its Board."

ImClone Systems, Inc. (NDAQ:IMCL)
8K Filing by the Company
After two months of fighting, Carl Icahn has finally succeeded in taking over the company in a "bloodless coup", with the help of some nice severance packages. Investors applauded the new management as the stock rose over 5% in today's trading. Icahn said in a prepared statement: "My immediate priorities as chairman are to investigate the reasons why the relationship between ImClone Systems and its partner, Bristol-Myers Squibb, has seriously deteriorated over the past few years and to act expeditiously to find a qualified CEO with biotechnology experience."

Integral Systems, Inc. (NDAQ:ISYS)
8K Filing by the Company
According to the filing, "The Company’s efforts to date in connection with exploring strategic alternatives have focused principally on a possible sale of the Company. Because discussions with potential interested parties have to date not resulted in any proposal, agreement or transaction involving a sale of the Company, the Board of Directors of the Company has, after consultation with the Company’s outside financial advisors, decided to explore and evaluate other strategic alternatives to maximize stockholder value while continuing to explore and evaluate a possible sale of the Company."