An investigation for investors in NASDAQ:LOJN shares was announced concerning the acquisition of LoJack Corp by CalAmp.
On February 1, 2016, CalAmp and LoJack Corporation (NASDAQ: LOJN) announced that the companies have entered into an 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.
Investors who purchased shares of LoJack Corporation (NASDAQ:LOJN) and currently hold any of those NASDAQ:LOJN shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
Canton, MA based LoJack Corporation is a provider of after-market safety, security and protection products and services for tracking and recovering cars, trucks and other mobile assets.
The investigation by a law firm concerns whether certain officers and directors of LoJack Corporation breached their fiduciary duties owed to NASDAQ:LOJN investors in connection with the proposed acquisition. The investigation concerns whether the offer is unfair to NASDAQ:LOJN stockholders. More specifically, the investigation concerns whether the LoJack Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On February 12, 2016, NASDAQ:LOJN shares closed at $6.41 per share.
Those who are current investors in LoJack Corporation (NASDAQ:LOJN) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego