CalAmp Offers to Acquire LoJack for $5.50 per Share in Cash, Representing a 58% Premium, in $113 Million Transaction
CalAmp's Offer Provides LoJack Shareholders With Immediate and Certain Cash Value at a Significant Premium Combination Would Create a Market Leader Well-Positioned to Drive Broad Adoption of Vehicle Telematics Technologies and Applications
OXNARD, CA--( Dec 10, 2015) - CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today announced that it has made an offer to acquire all of the outstanding shares of common stock of LoJack Corporation (NASDAQ: LOJN) ("LoJack"), a provider of vehicle theft recovery systems and advanced fleet management solutions, for $5.50 per share in cash, in a transaction valued at approximately $113 million.
- Published: 10 December 2015
- Written by Editor