Morning Links: 16 January 2007

Express Scripts refuses to lose, Metro Councilman seeking to limit rewards granted to Garcia, hotel venture looking to Cool Springs, Cincinnati contruction company comes to town, and more...

If at first you don’t succeed, sue and try again — after having its first bid rejected by Caremark’s board, Express Scripts now sets out an exchange offer for the company, offering $29.25 in cash and 0.426 shares of Express Scripts stock for each share of Caremark stock, in a bid that totals roughly $25 billion this time

Video from News2 concerning Metro Councilman John Summers' effort to limit pay raises for schools honcho Pedro Garcia to rate of teacher pay increase

Joint venture between Interstate Hotels & Resorts and the The John Buck Company eyes Cool Springs site, three blocks from the Galleria and adjacent to the D-1 Sports Training facility, to build an "aloft" hotel with constructions expected to begin in late spring of this year; no, the hotel will not levitate — "aloft" is the unfortunately uncapitalized brand name of the hotel chain

Blavod converts a portion of debt facility into 1.86 million new shares — the debt-to-equity transaction was allegedly approved by the British spirits maker’s NASDAQ-listed mystery suitor

Cincinnati-based Messer Construction Co. to open a Nashville office — this will be the firm's second Tennessee office and its eighth nationwide