An investigation on behalf of investors of LoJack Corporation (NASDAQ:LOJN) in connection with the proposed takeover was announced and NASDAQ:LOJN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/22/2016 -- An investigation for shareholders in share NASDAQ:LOJN was announced concerning whether the takeover of LoJack Corp by CalAmp for $6.45 per share is unfair.
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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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.
Those who are current investors in LoJack Corporation (NASDAQ:LOJN) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com