SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Meade Instruments Corp.
May 21 2013 - 4:41PM
Business Wire
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.
Click here to learn more about the investigation
http://brodsky-smith.com/588-mead-meade-instruments-corp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Meade shareholders will
receive only $3.45 in cash for each share of Meade stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Meade
for not acting in the Company’s shareholders' best interests in
connection with the sale process. The transaction may undervalue
the Company and will result in a loss for many long term holders of
Meade stock. Meade stock traded at $4.00 per share as recently as
April 26, 2012 and traded at $5.15 per share on July 27, 2011. In
addition, Meade has a reported book value of $6.40 per share for
the most recent quarter.
If you own shares of Meade common stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/588-mead-meade-instruments-corp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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