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December 15, 1987

ASHER EDELMAN INVESTOR GROUP LOWERS STAKE IN TELEX

By CBR Staff Writer

Following the latter’s agreement to be acquired by Memorex International NV, the group led by New York investor Asher Edelman has now lowered its stake in Telex Corp to 5.3% of the shares outstanding: the group said it sold 327,200 shares on Monday for $56 to $58 per share.

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