Published February 1, 2016 4:39pm EST | Updated February 1, 2016 5:03pm EST

LoJack Shares Jump After Buyout Offer From CalAmp

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.