Calamp Corp. (CAMP) Approves $25M Buyback
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CalAmp Announces $25 Million Share Repurchase Plan
June 28, 2016 4:01 PM EDTIRVINE, CA -- (Marketwired) -- 06/28/16 -- CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today announced that its Board of Directors has authorized a share repurchase program, under which the Company may repurchase up to $25 million of its outstanding common stock over the next 12 months.
"CalAmp is committed to maximizing shareholder value and we believe our recent acquisition of LoJack Corporation, along with the share repurchase program announced today, are positive steps towards this goal," said Michael Burdiek, CalAmp's President and Chief Executive Officer. "The Board of Directors... More
