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CITICORP UNIT HELPS FUND EDELMAN’s BID FOR TELEX

Seems Asher Edelman is committed to his $65 a share bid price for Telex Corp despite the market crash, and has won a powerful ally in the form of the Rosemont Inc arm of Citicorp Capital Ventures, which is prepared to put up 20% of the price. The news put $4.50 on Telex shares at $43.25:at that price they’s a bargain if the bid succeeds. The Citicorp cash will be by way of preference shares convertible into stock of another Edelman firm, Datapoint..pl 71

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