Ceridian (CEN) Activist investor William Ackman's Pershing Square Capital Management said it has notified Ceridian of its intention to nominate directors at Ceridian's 2007 annual meeting. Pershing Square said it plans to nominate Ackman, Michael Ashner, John Barfitt, Harald Einsmann, Robert Levenson, Michael Porter, Gregory Pratt and Alan Schwartz for election to the board of the Minneapolis information-services company. Pershing Square currently holds 15,724,334 shares (11.3% of the total outstanding).

Consolidated-Tomoka Land (CTO) Wintergreen Advisers said James Jordan would be "an extraordinarily good addition" to CTO's board. Wintergreen said it plans to keep working with CTO management to increase shareholder value. The investor has begun discussions on maximizing the value of its Daytona properties. Wintergreen holds 913,390 shares (16%).

Blair (BL) Blair agreed to be acquired by Appleseed's Topco for $42.50 a share. Appleseed's, a specialty brand of private-label apparel owned by Golden Gate Capital Management II, owns 312,521 shares (8.1%).

Temple-Inland (TIN) Carl Icahn said TIN's conglomerate corporate structure, in which "various disparate and non-complementary businesses are combined under one corporate umbrella, obfuscates the true value of the company's assets." He seeks to discuss with TIN's management ways to enhance shareholder value, such as a divestiture or spinoff of one or more of the company's component businesses. Icahn said he may also consider engaging in a proxy contest to replace one or more members of the company's "staggered" board. Icahn owns about 7.2 million shares (6.73%).

Valassis Communications (VCI) Prides Capital Partners reported owning 2,586,400 shares (5.4%), after buying 1,957,000 from Dec. 18, 2006, to Jan. 18, 2007, at $13.49 to $15.02 each.

General Maritime (GMR) Bergesen Worldwide reported ownership of 3,860,000 shares (11.9%), but no transaction details were provided.

Digital Insight (DGIN) A group of funds managed by Mario Gabelli's Gamco Investors raised its holdings to 2,037,377 shares (6.28%), after buying 377,218 from Dec. 28, 2006, to Jan. 18, 2007, at $38.44 to $38.80 each.

Salem Communications (SALM) A group of funds managed by Gamco Investors increased its holdings to 959,250 shares (5.25%), after buying 51,700 from Nov. 20, 2006, to Jan. 17, 2007, at $10.91 to $12.32 a share.