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Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:00 EDTCAMPCalAmp falls 10.3%
CalAmp is down 10.3%, or $2.27, to $19.79
News For CAMP From The Last 14 Days
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February 1, 2016
16:11 EDTCAMPCalAmp to acquire LoJack for $6.45 per share
CalAmp (CAMP) and LoJack (LOJN) announced that the companies have entered into a definitive agreement pursuant to which CalAmp will acquire all of the outstanding shares of common stock of LoJack for $6.45 per share in an all cash transaction valued at approximately $134 million. This transaction has been unanimously approved by both companies' Boards of Directors. The transaction is expected to close during CalAmp's fiscal 2017 first quarter, subject to customary closing conditions, including regulatory approvals and the tender of a number of LoJack shares that, together with other shares owned or to be acquired by CalAmp and its subsidiaries, represent at least two thirds of the total number of LoJack's outstanding shares. CalAmp will fund the acquisition with existing cash on hand.

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