Radyne Corp - Amended Statement of Ownership: Solicitation (SC 14D9/A)
14 Julio 2008 - 3:11PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 14D-9
SOLICITATION/RECOMMENDATION STATEMENT
UNDER SECTION 14(d)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Radyne Corporation
(Name of Subject Company)
Radyne Corporation
(Name of
Person(s) Filing Statement)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
(Title of Class of Securities)
750611402
(CUSIP Number of Class of Securities)
Carl Myron Wagner
Chief Executive Officer
Radyne
Corporation
3138 East Elwood Street
Phoenix, Arizona 85034
(602) 437-9620
(Name, address and telephone number of person authorized to receive
notices
and communications on behalf of person(s) filing statement)
with a copy to:
Steven D. Pidgeon, Esq.
DLA Piper US LLP
2415 East Camelback Road
Suite 700
Phoenix, Arizona 85016-4245
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 3 (this Third Amendment) amends and supplements the
Solicitation/Recommendation Statement on Schedule 14D-9 (as amended or supplemented from time to time, the Schedule 14D-9) initially filed by Radyne Corporation, a Delaware corporation (the Company), with the U.S. Securities
and Exchange Commission (the SEC) on May 22, 2008. The Schedule 14D-9 relates to a tender offer by Comtech TA Corp., a Delaware corporation (Purchaser) and a direct wholly owned subsidiary of Comtech Telecommunications
Corp., a Delaware corporation (Comtech), as disclosed in a Tender Offer Statement on Schedule TO, dated May 22, 2008 (as amended or supplemented from time to time, the Schedule TO), to purchase all of the outstanding
common stock, par value $0.001 per share, of the Company at a price of $11.50 per share, net to the seller in cash, without interest thereon and less any required withholding taxes, upon the terms and subject to the conditions set forth in the Offer
to Purchase, dated May 22, 2008 (as it may be amended or supplemented from time to time, the Offer to Purchase), and in the related Letter of Transmittal, which are annexed to and filed with the Schedule TO as Exhibits (a)(1)(A) and
(a)(1)(B), respectively. Except as otherwise set forth below, the information set forth in the Schedule 14D-9 remains unchanged and is incorporated by reference as relevant to the items in this Third Amendment. Capitalized terms used but not
otherwise defined herein have the meanings ascribed to such terms in the Schedule 14D-9.
Item 3. Past Contacts, Transactions, Negotiations and
Agreements.
Item 3 is hereby amended and supplemented as follows:
Amendment to the Agreement and Plan of Merger
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On July 11, 2008, we entered into an Amendment to Agreement and Plan of Merger (the Amendment) with Comtech and Purchaser. Under the terms of the Amendment, the expiration date for the cash tender
offer for the Company Common Stock has been extended to 12:01 a.m., New York City time, on August 1, 2008 (the Extended Expiration Date). Purchaser and Comtech have agreed that all the tender offer conditions have been satisfied as
of July 11, 2008, except those conditions related to (i) the issuance of any injunctions or orders restraining the transaction (item (b) of Annex A to the Merger Agreement), (ii) changes in board recommendation in connection with
an acquisition proposal (item (c) of Annex A to the Merger Agreement), and (iii) the failure of at least 50% of Radyne Corporation shares being tendered prior to the Extended Expiration Date (clause (i) of the second paragraph of
Annex A to the Merger Agreement). Subject to the foregoing, Purchaser and Comtech have also agreed to consummate the tender offer and the Merger within three business days after the Extended Expiration Date. This summary is qualified in its entirety
by reference to the Amendment, which has been filed as Exhibit e(12) to this Third Amendment and is incorporated in this Statement by reference.
Item 8. Additional Information.
Item 8 is hereby amended and supplemented as follows:
Extension of Offer
On
July 14, 2008, Comtech announced that Purchaser and Comtech had entered into the Amendment. A copy of the press release issued by Comtech on July 14, 2008 is filed as Exhibit (a)(13) hereto and is incorporated herein by reference.
Item 9. Exhibits.
Item 9 of
is hereby amended and supplemented as follows:
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Exhibit No.
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Description
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e(12)
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Amendment to Agreement and Plan of Merger, dated as of July 11, 2008 (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Radyne Corporation on
July 14, 2008).
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a(13)
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Press release issued by Comtech on July 14, 2008 (incorporated by reference to Exhibit (a)(5)(D) to Amendment No. 3 to Schedule TO filed by Comtech and Purchaser with the SEC on
July 14, 2008).
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this Third Amendment is true, complete and correct.
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RADYNE CORPORATION
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By:
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/s/ Malcolm C. Persen
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Malcolm C. Persen
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Chief Financial Officer
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Dated: July 14, 2008
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