-
If you purchased shares of LoJack Corporation (NASDAQ:LOJN) and currently hold any of those NASDAQ:LOJN shares, you have certain options and you should contact the Shareholders Foundation, Inc.
-
To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
February 9, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of LoJack Corporation (NASDAQ:LOJN), was announced concerning whether the takeover of LoJack Corp by CalAmp for $6.45 per share is unfair to NASDAQ:LOJN stockholders.
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.
On February 1, 2016, CalAmp (NASDAQ: CAMP) 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.
However, 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.
