Meade Confirms MIT Capital's Victory One has Commenced a Cash Tender Offer to Acquire Mead for $3.65/Share

Meade Instruments MEAD today confirmed that VictoryOne, 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, of Meade, for $3.65 per Share. The tender offer is under consideration by the members of the Board of Directors of Meade (the "Board"). The Board is consulting with its legal and financial advisors to assist it in its consideration and evaluation of the tender offer. See full press release