Coghill Capital Management said that it is in discussions with Hollywood Media about various strategic alternatives. Among them are a number of "potential extraordinary transactions" that could result in a change of control of Hollywood Media. Coghill has entered into a non-disclosure agreement to evaluate confidential information relating to Hollywood Media. Coghill Capital holds 3.37 million shares (10.6% of the total outstanding).

Investor Mark Nelson, who owns 660,544 shares (5.5%), wants Transmeta to "carefully review all options to enhance shareholder value." Another activist investor, Riley Investment Management, previously called for Transmeta to review its strategic options to enhance value. Riley holds a 5.9% stake in the company. MSB Financial (MSBF)

PL Capital sent a letter to MSB Financial, requesting a list of shareholders. PL Capital intends to solicit proxies from other stockholders to oppose approval of any stock-benefit plans that the company may submit at any special or annual meeting. PL Capital also disclosed in the SEC filing that it had unsuccessfully requested representation on the board. PL Capital reported ownership of 422,973 shares (7.5%).

Investor John M. Eggemeyer III, the founder and chief executive officer of Castle Creek Capital, said that he owns 2.66 million shares (5.2%). Eggemeyer said that he had acquired the stock for investment purposes, and in order to appoint directors and to influence -- but not control -- the direction and management of CBH.

Discovery Equity Partners reports that it intends to nominate directors at Radyne's 2008 annual meeting, and says that the company has rejected its request to inspect its books. Discovery Equity has pushed the company to sell itself, and believes that Radyne has been approached by several suitors willing to purchase it at a price that is significantly higher than its recent stock price. "We also believe that the board categorically dismissed these bonafide offers without serious consideration," Discovery contends in the filing. Discovery Equity is requesting a stockholder list from Radyne so that it can contact shareholders about its board nominees. Discovery Equity owns 1,618,427 shares (8%).

Cottonwood Holdings has 2,229,200 shares (9.85%) after buying 1,059,200 from Oct. 11 to 29 at prices ranging from $10.71 to $16.06. Cottonwood said that it wants to boost its stake to 24.9%.

Jana Partners has 4,490,540 shares (5.04%), after buying 20,807 on Dec. 6 at $40.38 apiece.

Hedge fund Highland Capital Management raised its position to 9.44 million shares (8.1%) from the 8.19 million (7%) it had reported owning on Dec. 12.