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Meade Instruments is Considering Tender Offer


6/25/2013 10:18:53 AM

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IRVINE, Calif., June 24, 2013 (GLOBE NEWSWIRE) -- 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.

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