Infinity Broadcasting Corp. announced that it has...

Infinity Broadcasting Corp. announced that it has signed a definitive agreement to be acquired in a leveraged buyout by WCK Acquisition Corp., a company formed by members of Infinity’s senior management. The first step in the acquisition will be a tender offer by WCK for all Class A shares at $30 in cash and for all of Infinity’s 7.25% convertible subordinated debentures at $1,052.63 per $1,000 debenture. Infinity also announced that several purported class actions had been filed against Infinity and some or all of its directors in the Delaware Court of Chancery, by people claiming to be Class A shareholders. Infinity owns 15 radio stations, including KROQ-FM in Los Angeles.