CalAmp

Canaccord Genuity is pleased to announce that CalAmp Corp. (NasdaqGS:CAMP, “CalAmp”), a leading provider of wireless products, services and solutions, announced on February 1, 2015 that it has entered into a definitive agreement to acquire LoJack Corporation (NasdaqGS:LOJN, “LoJack”), a provider of vehicle theft recovery systems and advanced fleet management solutions, pursuant to which CalAmp will acquire all of the outstanding shares of common stock of LoJack for $6.45 per share in an all cash transaction valued at approximately $134 million.

Canaccord Genuity is serving as exclusive financial advisor to CalAmp and its Board of Directors in connection with the transaction.

Under the terms of the definitive agreement, which has been unanimously approved by both companies’ Boards of Directors, a wholly-owned subsidiary of CalAmp will commence a tender offer to acquire all of the outstanding shares of LoJack common stock for $6.45 per share of LoJack common stock tendered. Following completion of the tender offer, the parties will effect a second-step merger pursuant to which all remaining shares of LoJack common stock not tendered in the offer will be converted into the right to receive the same cash price per share as in the offer. The transaction is expected to close during CalAmp’s fiscal 2017 first quarter, subject to customary closing conditions, including regulatory approvals and the tender of a number of LoJack shares that, together with other shares owned or to be acquired by CalAmp and its subsidiaries, represent at least two thirds of the total number of LoJack’s outstanding shares. CalAmp will fund the acquisition with existing cash on hand.