Meade Instruments Corp. (MEAD) announced after the bell Friday that it agreed to be acquired by Jinghua Optics & Electronics for approximately $4.5 million or $3.45 per share in cash. The acquisition is expected to be completed by the end of July 2013.
Meade Instruments gapped open sharply higher Monday and is now up 1.69 at $3.36 on the highest volume of the year. The stock has leaped to a 7-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.