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Meade acquired by Jinghua Optics

Started by JJM, 05/17/2013 09:24PM
Posted 05/17/2013 09:24PM Opening Post
The rumors have come home to roost, apparently Meade is being acquired by Jinghua Optics for the paltry sum of $4.5M.

http://m.yahoo.com/w/legobpengine/finance/news/meade-instruments-corp-announces-merger-213327726.html?.intl=us&.lang=en-us


Jim McSheehy
Posted 05/17/2013 10:21PM #1
Well, after their stocks became penny stocks, this was inevitable. Too bad, another piece of America is now China's property.
cwy

[SIZE="Large"][/SIZE][COLOR="Blue"][/COLOR] Floyd Blue grin
Amateur Imager
Posted 05/18/2013 12:34PM | Edited 05/18/2013 12:38PM #2
Jinghua Optical Company (JOC), they're also the owners of the Explore Scientific Company and the lines of ED & achromat refractors (I have a 5" ES achro) and the 6" Levy Comet Hunter Mak-Newt. I wonder if there'll be some shuffling of products between Meade and ES? If so, it appears that it'll just involve the apo lines. ES doesn't make SCTs and Meade pulled their achro and Schmidt Newt lines some time ago, evidently....

Mark Costello
Matthews, NC, USA

"I hear you're mechanically inclined. Did you ever do anything with perpetual motion?"

"Yeah, I nearly had it a couple of times."