COMPANY TOWN ANNEX
<i> Times Staff and Wire Reports</i>
Outlet Gets Merger Proposal From NBC: The Cranston, N.J.-based company said it has received a takeover proposal worth more than $396 million from National Broadcasting Co. in the start of a renewed bidding war for the owner of major NBC affiliates. Renaissance Communications Corp., whose $360-million bid was accepted by Outlet Communications Inc. on June 30, responded by suing both companies and Outlet’s board in Delaware Chancery Court. Outlet said it will consider the NBC offer.
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