	taft tfb given deadline on buyout proposal narragansett capital inc narr said it and dudley s taft have requested a response from taft broadcasting co by march earlier today taft broadcasting said taft the company s vice chairman and narragansett had offered dlrs for each of taft s mln outstanding shares the company said the offer is conditioned on approval of its board but a spokesman declined comment on whether or not the board has scheduled a meeting the narragansett taft group will provide the equity portion of the offer by contributing at least mln dlrs in cash and taft broadcasting common narragansett said it said the group has been advised by first boston inc s fbc first boston corp that the investment banker is highly confident that financing for the uisition can be consummated narragansett said the offer is subject to negotiation of a definitive merger agreement and definitive financing agreements as well as approval by regulators taft s board and taft s stockholders the narragansett taft group said its letter to taft s board states the group intends to return control over a significant portion of the company s equity to the taft family while providing other stockholders with a means of realizing a very attractive value for their shares reuter 
