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From Times Staff and Wire Reports

Rockwell Extends Reliance Tender Offer: The Seal Beach-based defense company said the $1.5-billion offer for Reliance Electric shares would expire on midnight Nov. 28. As of Friday, 61.2% of Reliance’s voting stock had been tendered. Cleveland-based Reliance, which has already agreed to a $1.4-billion merger with General Signal Corp. of Stamford, Conn., faces a noon deadline today to reach an agreement with Rockwell. General Signal has indicated it would not stand in the way of a Reliance-Rockwell merger if it receives a $50-million termination fee and expenses.

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