A disconcerted Asher Edelman was clearly caught on the hop by Memorex International NV’s $60+ a share offer for all of Telex Corp, and is reduced to bluster. Having cut his own offer to $55 a share for enough shares to give him 75% of the total from $65 a share for the lot, he says he may now increase his offer again. He also demands that he be given any information Telex passes to Memorex or other suitors, and declares that he would deem it irresponsible for Telex to do a deal with Memorex or others that might tend to chill the bidding process.
NOW EDELMAN MAY RAISE BID FOR TELEX AGAIN
