Investment firm Discovery Group told Radyne that it has discussed with two unidentified companies their possible acquisition of the maker of satellite-communications software. Radyne management has rejected a sale and instead wants to pursue its operating plan. Discovery Group urged the company to hire an adviser to orchestrate a sale. Discovery Group owns 1,618,427 shares (8.8% of the total outstanding).

SCO Capital Partners reiterated that it will vote against the company's proposed merger with Genzyme (GENZ) and will propose a new slate of directors. SCO Capital called Genzyme's $5.60-a-share bid "extremely inadequate" and said it was a " result of a poorly managed and ill-timed sales process." SCO Capital holds 7,209,331 shares (13.1%).

Investors Michael A. Roth and Brian J. Stark, urged the lender's board to pursue all available means to consummate a merger agreement with Lone Star Fund V, under its original terms. Roth and Stark said they support the board's decision to reject Lone Star's revised bid of $8.50 a share, down from an original $15.10. Accredited Home has sued Lone Star over breach of merger obligation. The suit is scheduled for trial in the Delaware Court of Chancery Sept. 26. Lone Star argues that there has been "drastic deterioration" in Accredited's financial and operating health. Roth and Stark own 2,098,648 shares (8.5%).

nvestor Richard Barone will support dissident shareholder Lawndale Capital Management's proposal to expand Mace's board to seven members. Barone said that Mace's nominating committee chairman, Mark Alsentzer, had offered to nominate him to the five-person board, replacing Matthew Paolino, in return for his supporting the company's proposed slate at the annual meeting in December. Barone, however, urged Mace not to oppose Lawndale's proposal. Barone, through his Ancora Advisors and affiliates, owns 8.55% of Mace.

Hidary Group Acquisitions may try to acquire Everlast. On Sept. 19, shareholders are to vote on a proposed merger with Brands Holdings. The Hidary Group holds 242,847 shares (5.9%).

Clarus Capital Group Management asked the company's board to immediately hire an investment bank to explore alternatives, including a more aggressive repurchase of Twin Disc stock and the sale of all or part of the company. Clarus holds 298,106 shares (5.1%).

Prescott Capital Management plans to oppose the real-estate company's proposal to increase its authorized shares, citing concerns over Levitt's $2 million rights offering. Prescott Capital said "the large and dilutive increase in shares being created in connection with the rights offering raises the distinct possibility that Levitt's largest shareholder will use this period of corporate weakness to take their value ownership of Levitt from their current 16.6% to majority control." Prescott Capital has 2,626,796 shares (14.1%).