Connectivity

Comtech Extends Tender Offer For Radyne; Expects Merger In August

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[Satellite Today 07-15-08] Comtech Telecommunications Corp. extended the deadline for its tender offer for shares of Radyne Corp. to Aug. 1, Comtech announced July 14.
    Based on a preliminary count July 11, Comtech has acquired 11.5 million shares of Radyne, or about 61 percent of available shares.
    Comtech announced in May plans to acquire Radyne in a deal valued at about $223.6 million, and the deal is expected to close in August.

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