![]() ![]() ![]() So let’s look at some other stats surrounding the deal. Wall Street Is as Bearish as 2009: 4 Top Dividend Stocks to Buy Right Now We look forward to working with the CalAmp team to ensure a smooth transition and accelerate the strategic initiatives already underway at LoJack as we take our great brand into the future. With CalAmp as our partner, the LoJack brand will continue to expand beyond our foundational stolen vehicle recovery business by providing our customers and partners with enhanced product offerings to better protect and manage their assets. We are proud that CalAmp recognizes LoJack’s success over the last 30 years in creating best-in-class theft recovery solutions and developing strong channel and end customer relationships around the world. This transaction delivers immediate and significant cash value to our shareholders at a substantial premium and represents a successful conclusion to the Board’s review of strategic alternatives to enhance shareholder value. Randy Ortiz, president and CEO of LoJack, commented on the deal: The transaction was unanimously approved by both boards of directors, and management seemed fairly optimistic on the deal. Under the terms of the deal, CalAmp will acquire all the outstanding shares of common stock of LoJack for $6.45 per share in an all cash transaction valued at approximately $134 million. However with every acquisition, we have to ask if the company bought out is getting a fair deal, and if shareholders are getting enough out of it. (NASDAQ: CAMP) has made moves to acquire LoJack. (NASDAQ: LOJN) was stunning investors in a good way on Tuesday, despite the huge downturn in the market. Those charges were dropped a week later.LoJack Corp. ![]() #ABSOLUTE LOJACK ALTERNATIVES SOFTWARE#Absolute Software shared the intercepted communications with the police, who then went to the plaintiff’s house, confronted her with the materials, and placed her under arrest for receiving stolen property. After the plaintiff took possession of the laptop, Absolute Software began intercepting communications on the system, which included sexually explicit messages and webcam images with the second plaintiff, an old high school sweetheart with which the first plaintiff (a 52-year-old widow who works as a substitute teacher) had restarted a long-distance relationship. ![]() However, the computer still had Absolute Software’s LoJack for Laptops installed, and the company had been logging the system’s IP address whenever it popped up on the Internet. (The student claimed it belonged to his aunt and uncle, and that he had permission to sell it.) The plaintiff agreed on the condition the laptop could get up and running again a third party re-installed an operating system and software, and the plaintiff took possession of the laptop. #ABSOLUTE LOJACK ALTERNATIVES SERIAL NUMBER#Some time later, another student at an alternative school purchased the laptop-which had had part of its serial number scratched off-for $40, and brought it to one of the plaintiffs, offering to sell it to her for $60. According to court documents, a laptop computer owned by a Springfield, Ohio, school district was lent to a vocational school student while at the public library, the laptop was stolen and the theft reported to police. A judge has ruled that a couple can sue Absolute Software-developers of the theft-recovery system LoJack for Laptops-after the company intercepted sexually explicit messages and images sent between the couple and shared them with police. Internet communications and location services can be useful for tracking down lost or stolen devices-but all that tracking can have unintended consequences. ![]()
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