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Wireless

CalAmp makes USD 113 million takeover bid for LoJack

Thursday 10 December 2015 | 15:02 CET | News
CalAmp, a provider of wireless products, services and solutions, has made an offer to acquire LoJack, a provider of vehicle theft recovery systems and advanced fleet management solutions, for USD 5.50 per share in cash. The transaction is valued at approximately USD 113 million. The offer represents a premium of 58 percent on LoJack's closing stock price on 9 December and 75 percent on the average closing price over the last 60 days. CalAmp feels that a combination of LoJack's world renowned  brand and strong relationships with CalAmp's products and services would create a market leader

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Categories: Mobile & Wireless
Companies: CalAmp / LoJack
Countries: United States
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