LoJack Shares Jump After Buyout Offer From CalAmp

By Wallace Witkowski Markets MarketWatch Pulse

LoJack Corp. shares jumped in the extended session Monday after CalAmp Corp. offered to buy the vehicle theft-prevention device company for $134 million. LoJack shares surged 18% to $6.34 after hours. CalAmp said it offered $6.45 a share cash for LoJack, and that both company boards had approved the deal. CalAmp expects the acquisition to add 15 cents to 25 cents a share to its fiscal 2017 earnings.

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