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CalAmp makes $113 million offer to acquire LoJack

2015-12-10 21:29:25| Telecom - Topix.net

Oxnard-based CalAmp made a $113 million offer Dec. 10 to acquire LoJack , the maker of theft recovery systems for cars, trucks and construction equipment. The offer of $5.50 a share is a 58 percent premium to LoJack's closing price on Dec. 9 and a 24 percent premium to LoJack's 52-week high.

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