EDELMAN GROUP CUTS BURLINGTON <BUR> STAKE New York investor Asher Edelman and Dominion Textile Inc <DTX.T>, who are currently seeking to acquire Burlington Industries Inc in a hostile tender offer, said they lowered their stake in the company. In a filing with the Secruties and Exchange Commission, the Edelman/Dominion group, known as Samjens Acqusition Corp, said it sold options to buy 258,800 Burlington common shares, reducing its stake in the company to 3,408,813 shares, or 12.33 pct, from 3,667,313 shares, or 13.3 pct. The group said the sale, which represented all the Burlington options it owned, was made May 28 for 8.7 mln dlrs. The Edelman/Dominion group last week sweetened its hostile tender offer to 77 dlrs a share, after Burlington agreed to a leveraged buyout by a Morgan Stanley and Co-backed group for 76 dlrs a share. But the Edelman/Dominion group, which has litigation pending against Burlington, also said it has held talks with Morgan Stanley about "the possibility of settlement of outstanding matters among" it, Morgan Stanley and Burlington.