Although Telex Corp shares were trading at $50.75 on Friday, Asher Edelman says that his $65 a share bid for the Tulsa, Oklahoma company is still on, and that Shearson Lehman Brothers is still willing to finance its acquisition: Telex says that in current conditions it is unable to give shareholders any advice on whether or not to accept; it is still exploring alternatives, one of which, according to Electronic News, is the rather unlikely Tandy Corp; Telex also says it is proceeding against Edelman alleging that the bid breaches share laws.
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