Meade Instruments (MEAD) terminates its previously announced merger agreement with JOC North America, and announces new plans to merge with Sunny Optics, an affiliate of Ningbo Sunny Electronic, for $4.21 per share or approximately $5.5M. Shares +11.5% AH.
Meade Instruments (MEAD) rises a cool 99.4% premarket to $3.33. The company said Friday Jinghua Optics & Electronics will acquire all of the outstanding shares for $3.45 each, subject to shareholder approval. (PR)