Memorex International NV is challenging investor Asher...

Memorex International NV is challenging investor Asher B. Edelman’s bid for Telex Corp., with an offer worth about $911.4 million, Telex said. Under the proposal, Memorex would acquire all 14.7 million outstanding shares of Telex for $56 in cash and $6 liquidation preference of a series of junior preferred stocks for each share of Telex common stock. Edelman’s offer is for $55 a share.