Latest Meade Instruments (MEAD) Headlines
MIT Capital Inc.'s Tender Offer To Buy Meade Instruments Corp. For $3.65 Per Share Expired On July 19, 2013
PR Newswire - Tue Jul 23, 1:21PM CDT
MIT Capital Inc. and VictoryOne Inc.(together "MITC")'s tender offer to acquire all of the outstanding common stock of Meade Instruments Corp. (Nasdaq: MEAD) ("Meade") for $3.65 per share in cash expired at 12:00 midnight, New York City Time, at the end of day on Friday, July 19, 2013.
Meade Instruments Corp. Terminates JOC Merger Agreement, Announces Merger Agreement With Affiliates of Ningbo Sunny Electronic Co., Ltd. for $4.21 Per Share
GlobeNewswire - Tue Jul 16, 3:21PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, announces the termination of its previously announced Agreement and Plan of Merger with JOC North America LLC and JOCNA Inc., collectively ("JOC"), which was announced May 17, 2013, and the execution of a new Agreement and Plan of Merger with Sunny Optics, Inc. ("SOI") and Sunny Optics Merger Sub, Inc., a wholly-owned subsidiary of SOI, both of which are affiliates of Ningbo Sunny Electronic Co., Ltd., collectively ("Sunny") for $4.21 per share or approximately $5.5 million for all shares.
Meade's Board of Directors Recommends Stockholders Reject the Unsolicited Tender Offer of MIT Capital Inc.
GlobeNewswire - Fri Jul 05, 4:06PM CDT
Meade Instruments Corp. ("Meade") (Nasdaq:MEAD) today announced that its Board of Directors, after careful consideration with its outside legal counsel, recommends that Meade's stockholders reject the offer (the "MITC Offer") of VictoryOne Inc. ("Purchaser"), a wholly-owned subsidiary of MIT Capital Inc. ("MITC"), to acquire all of the outstanding shares of Meade's common stock for $3.65 per share in cash and not tender their shares of common stock to Purchaser pursuant to the MITC Offer. The basis for the Board's recommendation is set forth in Meade's Schedule 14D-9 filed today with the Securities and Exchange Commission.
Meade is Considering Tender Offer
GlobeNewswire - Mon Jun 24, 4:56PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade" or the "Company"), a designer and manufacturer of telescopes and accessories for amateur astronomers, today confirmed that VictoryOne, Inc. ("Victory One"), a Delaware corporation and a wholly-owned subsidiary of MIT Capital Inc., a California corporation, has commenced a cash tender offer to acquire all of outstanding shares of common stock, par value $0.01 per share ("Shares"), of Meade, for $3.65 per Share.
MIT Capital Inc. Commences Tender Offer For All Outstanding Shares Of Meade Instruments Corp
PR Newswire - Fri Jun 21, 12:29PM CDT
VictoryOne Inc., a Delaware corporation ("Purchaser") and a wholly-owned subsidiary of MIT Capital Inc. ("Parent"), a California corporation, (together "Parent" and "Purchaser" referred to herein as "MITC"), today commences the purchase of all outstanding shares of common stock, par value $0.01 per share (the "Shares"), of Meade Instruments Corp., a Delaware corporation ("Meade"), at a purchase price of $3.65 per Share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 20, 2013 (the "Offer to Purchase"), and in the related Letter of Transmittal (which, together with the Offer to Purchase, as each may be amended or supplemented from time to time, collectively constitute the "Offer").
MIT Capital Inc. Proposes To Acquire Meade Instruments Corp. For $3.65 Per Share In Cash
PR Newswire - Tue Jun 18, 11:54AM CDT
MIT Capital Inc. ("MIT"), through its wholly-owned subsidiary, Inc. ("Merger Sub"), incorporated in Delaware and organized for acquisition purposes (together MIT and Merger Sub referred to herein as "MITC"), today proposed to acquire all of the outstanding common stock of Meade Instruments Corp. (NASDAQ: MEAD, "Meade", or "Company") for $3.65 per share in cash. MITC's all-cash offer represents a $0.20 per share premium above the Meade Board-recommended offer made by JOC North America LLC ("JOC North America") for Meade stockholders on May 17, 2013.
Meade Instruments 2013 Annual Meeting of Stockholders
GlobeNewswire - Fri May 31, 6:50AM CDT
Meade Instruments Corp. (Nasdaq:MEAD) today announced that it has elected to change the date of its 2013 Annual Meeting of Stockholders, originally scheduled for July 12, 2013. The new date of the 2013 Annual Meeting is October 15, 2013. The Annual Meeting will be held at 10:00 A.M., local time, at the offices of the Company, 27 Hubble, Irvine, California 92618.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Meade Instruments Corp. in Connection with the Sale of the Company to JOC North America LLC
Business Wire - Wed May 22, 9:23AM CDT
Levi & Korsinsky is investigating the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to JOC North America LLC.
Rigrodsky & Long, P.A. Announces Investigation Of Meade Instruments Corp. Buyout
Business Wire - Tue May 21, 6:28PM CDT
Rigrodsky & Long, P.A.:
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Meade Instruments Corp.
Business Wire - Tue May 21, 3:41PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) relating to the proposed acquisition by JOC North America LLC.
Meade Instruments Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to JOC North America
Business Wire - Tue May 21, 11:31AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Meade Instruments Corp. ("Meade") (NasdaqCM: MEAD) to JOC North America LLC for shareholders. Under the terms of the proposed sale valued at approximately $4.5 million, Meade shareholders will only receive $3.45 in cash for each share of Meade stock owned, well below the 52-week high of $3.75 per share.
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Meade Instruments Corp. - MEAD
PR Newswire - Mon May 20, 5:15PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) relating to the proposed acquisition by JOC North America LLC.
Nasdaq stocks posting largest volume increases
AP - Mon May 20, 5:07PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Law Firm Brower Piven Announces Investigation of Meade Instruments Corp. Proposed Buyout
Business Wire - Mon May 20, 11:36AM CDT
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Meade Instruments Corp. ("Meade Instruments" or the "Company") (Nasdaq: MEAD) and other violations of state law by the board of directors of Meade Instruments relating to the proposed buyout of the Company by JOC North America LLC. The firm's investigation seeks to determine, among other things, whether the board of directors of Meade Instruments breached their fiduciary duties by failing to maximize shareholder value.
Meade Instruments Corp. Announces Merger Agreement; to be Acquired by Jinghua Optics & Electronics
GlobeNewswire - Fri May 17, 4:33PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, and Jinghua Optics & Electronics Co., Ltd. ("JOC") announced today that Meade and JOC's wholly-owned subsidiary, JOC North America LLC ("JOCNA") and JOCNA's wholly-owned merger subsidiary, have signed a definitive merger agreement for JOCNA to acquire all of the outstanding shares of Meade for approximately $4.5 million or $3.45 per share. The acquisition will be paid with cash and is expected to be completed by the end of July 2013, subject to shareholder approval.
MIT Capital Inc.'s Tender Offer To Buy Meade Instruments Corp. For $3.65 Per Share Expired On July 19, 2013
PR Newswire - Tue Jul 23, 1:21PM CDT
MIT Capital Inc. and VictoryOne Inc.(together "MITC")'s tender offer to acquire all of the outstanding common stock of Meade Instruments Corp. (Nasdaq: MEAD) ("Meade") for $3.65 per share in cash expired at 12:00 midnight, New York City Time, at the end of day on Friday, July 19, 2013.
Meade Instruments Corp. Terminates JOC Merger Agreement, Announces Merger Agreement With Affiliates of Ningbo Sunny Electronic Co., Ltd. for $4.21 Per Share
GlobeNewswire - Tue Jul 16, 3:21PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, announces the termination of its previously announced Agreement and Plan of Merger with JOC North America LLC and JOCNA Inc., collectively ("JOC"), which was announced May 17, 2013, and the execution of a new Agreement and Plan of Merger with Sunny Optics, Inc. ("SOI") and Sunny Optics Merger Sub, Inc., a wholly-owned subsidiary of SOI, both of which are affiliates of Ningbo Sunny Electronic Co., Ltd., collectively ("Sunny") for $4.21 per share or approximately $5.5 million for all shares.
Meade's Board of Directors Recommends Stockholders Reject the Unsolicited Tender Offer of MIT Capital Inc.
GlobeNewswire - Fri Jul 05, 4:06PM CDT
Meade Instruments Corp. ("Meade") (Nasdaq:MEAD) today announced that its Board of Directors, after careful consideration with its outside legal counsel, recommends that Meade's stockholders reject the offer (the "MITC Offer") of VictoryOne Inc. ("Purchaser"), a wholly-owned subsidiary of MIT Capital Inc. ("MITC"), to acquire all of the outstanding shares of Meade's common stock for $3.65 per share in cash and not tender their shares of common stock to Purchaser pursuant to the MITC Offer. The basis for the Board's recommendation is set forth in Meade's Schedule 14D-9 filed today with the Securities and Exchange Commission.
Meade is Considering Tender Offer
GlobeNewswire - Mon Jun 24, 4:56PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade" or the "Company"), a designer and manufacturer of telescopes and accessories for amateur astronomers, today confirmed that VictoryOne, Inc. ("Victory One"), a Delaware corporation and a wholly-owned subsidiary of MIT Capital Inc., a California corporation, has commenced a cash tender offer to acquire all of outstanding shares of common stock, par value $0.01 per share ("Shares"), of Meade, for $3.65 per Share.
MIT Capital Inc. Commences Tender Offer For All Outstanding Shares Of Meade Instruments Corp
PR Newswire - Fri Jun 21, 12:29PM CDT
VictoryOne Inc., a Delaware corporation ("Purchaser") and a wholly-owned subsidiary of MIT Capital Inc. ("Parent"), a California corporation, (together "Parent" and "Purchaser" referred to herein as "MITC"), today commences the purchase of all outstanding shares of common stock, par value $0.01 per share (the "Shares"), of Meade Instruments Corp., a Delaware corporation ("Meade"), at a purchase price of $3.65 per Share, net to the seller in cash, without interest, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 20, 2013 (the "Offer to Purchase"), and in the related Letter of Transmittal (which, together with the Offer to Purchase, as each may be amended or supplemented from time to time, collectively constitute the "Offer").
MIT Capital Inc. Proposes To Acquire Meade Instruments Corp. For $3.65 Per Share In Cash
PR Newswire - Tue Jun 18, 11:54AM CDT
MIT Capital Inc. ("MIT"), through its wholly-owned subsidiary, Inc. ("Merger Sub"), incorporated in Delaware and organized for acquisition purposes (together MIT and Merger Sub referred to herein as "MITC"), today proposed to acquire all of the outstanding common stock of Meade Instruments Corp. (NASDAQ: MEAD, "Meade", or "Company") for $3.65 per share in cash. MITC's all-cash offer represents a $0.20 per share premium above the Meade Board-recommended offer made by JOC North America LLC ("JOC North America") for Meade stockholders on May 17, 2013.
Meade Instruments 2013 Annual Meeting of Stockholders
GlobeNewswire - Fri May 31, 6:50AM CDT
Meade Instruments Corp. (Nasdaq:MEAD) today announced that it has elected to change the date of its 2013 Annual Meeting of Stockholders, originally scheduled for July 12, 2013. The new date of the 2013 Annual Meeting is October 15, 2013. The Annual Meeting will be held at 10:00 A.M., local time, at the offices of the Company, 27 Hubble, Irvine, California 92618.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Meade Instruments Corp. in Connection with the Sale of the Company to JOC North America LLC
Business Wire - Wed May 22, 9:23AM CDT
Levi & Korsinsky is investigating the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to JOC North America LLC.
Rigrodsky & Long, P.A. Announces Investigation Of Meade Instruments Corp. Buyout
Business Wire - Tue May 21, 6:28PM CDT
Rigrodsky & Long, P.A.:
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Meade Instruments Corp.
Business Wire - Tue May 21, 3:41PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) relating to the proposed acquisition by JOC North America LLC.
Meade Instruments Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to JOC North America
Business Wire - Tue May 21, 11:31AM CDT
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Meade Instruments Corp. ("Meade") (NasdaqCM: MEAD) to JOC North America LLC for shareholders. Under the terms of the proposed sale valued at approximately $4.5 million, Meade shareholders will only receive $3.45 in cash for each share of Meade stock owned, well below the 52-week high of $3.75 per share.
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Meade Instruments Corp. - MEAD
PR Newswire - Mon May 20, 5:15PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meade Instruments Corp. ("Meade" or the "Company") (Nasdaq: MEAD) relating to the proposed acquisition by JOC North America LLC.
Nasdaq stocks posting largest volume increases
AP - Mon May 20, 5:07PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Law Firm Brower Piven Announces Investigation of Meade Instruments Corp. Proposed Buyout
Business Wire - Mon May 20, 11:36AM CDT
The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Meade Instruments Corp. ("Meade Instruments" or the "Company") (Nasdaq: MEAD) and other violations of state law by the board of directors of Meade Instruments relating to the proposed buyout of the Company by JOC North America LLC. The firm's investigation seeks to determine, among other things, whether the board of directors of Meade Instruments breached their fiduciary duties by failing to maximize shareholder value.
Meade Instruments Corp. Announces Merger Agreement; to be Acquired by Jinghua Optics & Electronics
GlobeNewswire - Fri May 17, 4:33PM CDT
Meade Instruments Corp. (Nasdaq:MEAD) ("Meade"), (est. 1972) one of the world's largest designers and manufacturers of telescopes and accessories for amateur astronomers, and Jinghua Optics & Electronics Co., Ltd. ("JOC") announced today that Meade and JOC's wholly-owned subsidiary, JOC North America LLC ("JOCNA") and JOCNA's wholly-owned merger subsidiary, have signed a definitive merger agreement for JOCNA to acquire all of the outstanding shares of Meade for approximately $4.5 million or $3.45 per share. The acquisition will be paid with cash and is expected to be completed by the end of July 2013, subject to shareholder approval.
