Trans-Lux Corp. appears to be in play following SEC filing by two New York businessmen, Michael Landes and Albert Schwartz, who say they acquired 82,000 shares in late December, enough to give them 5.08 per cent stake. Schwartz and Landes say they don't plan to be passive investors, and may participate in "formulation, determination, and direction of the basic business policies and decisions" of Trans-Lux. They bought their shares at between $12.96 and $13.94. Trans-Lux closed January 17th.


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