Polaroid Corp. said it will give “due...

Polaroid Corp. said it will give “due consideration” to a buyout offer from Shamrock Holdings despite its ambiguity. The Polaroid board, in a regularly scheduled meeting in Cambridge, Mass., said it has retained Shearson Lehman Hutton Inc. to study Shamrock’s proposal to acquire the company for $40 a share. The instant-film company said Shamrock’s interest may be contingent on the absence of an employee stock ownership plan and on access to funds in the Polaroid pension plan. Shamrock is a California investment firm controlled by Roy E. Disney, nephew of the late Walt Disney, and his family.