COMPANY TOWN ANNEX

CBS Sets Date to Vote on Buyout: The New York-based company’s shareholders will meet Nov. 16 to vote on Westinghouse Electric Corp.’s $5.4-billion buyout offer for the broadcasting company. Westinghouse agreed Aug. 1 to pay $81 a share in cash for CBS Inc. plus extra money based on how long it takes after Aug. 30 to complete the deal. CBS said that if the deal closes Dec. 1, its shareholders will be entitled to an additional $1.15 a share above the announced offer. In addition to approval by two-thirds of CBS shareholders, Westinghouse must get Federal Communications Commission approval for its deal.