COMPANY TOWN ANNEX

Infinity Shareholders Sue to Block Merger: Shareholders have filed three lawsuits seeking to block Westinghouse Electric Corp.’s proposed acquisition of Infinity Broadcasting Corp. for $3.9 billion, according to court documents. In filings in Delaware Chancery Court, the plaintiffs alleged that the directors of Infinity breached their fiduciary duty by failing to get a higher per-share price for Infinity to maximize shareholder value. The suits seek an injunction against the merger, in which Infinity shareholders are to receive 1.71 shares of Westinghouse for each Infinity share. Westinghouse’s stock traded at $19.75, up 62.5 cents, while Infinity changed hands at $31.25, up 87.5 cents, both on the New York Stock Exchange.