CalAmp shares are trading lower after the company announced it entered into a restructuring support agreement to take the company private and has voluntarily initiated proceedings under Chapter 11 of the United States Bankruptcy Code.
Portfolio Pulse from Benzinga Newsdesk
CalAmp shares are trading lower after the company announced it entered into a restructuring support agreement to take the company private.
June 03, 2024 | 2:00 pm
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CalAmp shares are trading lower following the announcement of a restructuring support agreement to take the company private.
The announcement of a restructuring support agreement to take CalAmp private has led to a decline in its share price. Investors may be concerned about the implications of the restructuring and the transition to a private entity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100