SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of LoJack Corporation (NASDAQ: LOJN) breached their fiduciary duties in connection with the proposed sale of the Company to CalAmp Corp.
LoJack provides after-market safety, security, and protection products and services for tracking and recovering cars, trucks, and other valuable mobile assets.
On February1, 2016, LoJack announced it had signed a definitive merger agreement with CalAmp. Under the terms of the agreement, CalAmp will acquire all of the outstanding shares of common stock of LoJack for $6.45 per share in an all cash transaction.
The investigation concerns whether LoJack’s board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for LoJack’s shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given Wall Street analysts’ projections for LoJack’s promise of future growth.
If you are a shareholder of LoJack and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.