Discovery Equity wants a look at Radyne's books

By Lisa Kerner

Charlotte, N.C., Nov. 7 - Radyne Corp. investor Discovery Equity Partners, LP sent a letter to the company's board of directors demanding to inspect and photocopy books and records of the company for the period from Jan. 1, 2006 through Nov. 6, 2007.

The Nov. 6 letter was included in a schedule 13D filing with the Securities and Exchange Commission.

Discovery Equity is asking for board meeting minutes, including committee meeting minutes; documents related to discussions with financial advisers regarding strategic alternatives; and discussions with counsel related to defending the company against unsolicited offers or change-of-control transactions.

The investors own 1,618,427 shares, or 8.8%, of the Phoenix-based communications products company.

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