LoJack Shareholder (LOJN) Alert: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price & Process in Prop...
01 Fevereiro 2016 - 9:57PM
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.
Additional Information: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 (jimb@johnsonandweaver.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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160201006449/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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