McCaw Reviewing Offer for Lin: Kirklin, Wash.-based...
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McCaw Reviewing Offer for Lin: Kirklin, Wash.-based McCaw Cellular Communications said it expects to decide by early next week whether it will change its $120-a-share, or $5.8-billion, offer for Lin Broadcasting, which owns 35% of Los Angeles Cellular Telephone. McCaw, which extended its tender offer until July 20, decided last week to review its bid for the New York-based cellular telephone and broadcasting concern in consideration of an unfavorable court decision.
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