COMPANY TOWN ANNEX

Seagram Raises Time Warner Stake Again: The liquor and beverage company said in an SEC filing that it raised its ownership in the media and entertainment giant to 11.7% from 10.4%. Seagram said it spent $207.2 million from Dec. 31 through Wednesday to add 5.14 million shares to its holdings, which now total 44.23 million shares. Seagram said it paid from $39 to $44.37 a share. Seagram, led by Edgar Bronfman Jr., has previously denied it plans to launch a hostile bid for Time Warner, but it said it may buy up to 15% of the company’s stock. A Time Warner spokesman declined to comment on the latest purchase or Time Warner’s stance on inviting a Seagram representative to join the board.