LoJack Shares Jump After Buyout Offer From CalAmp

By Wallace WitkowskiMarketWatch 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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