B. Riley Asset Management Acquires Rights to Manage Dialectic Hedge Funds
- Press Release
Los Angeles, CA, December 21, 2012 -- B. Riley & Co., LLC (www.brileyco.com) is acting as exclusive financial advisor to CalAmp Corp. (NASDAQ: CAMP) in its pending acquisition of the operating subsidiary of Wireless Matrix Corporation (TSX:WRX) for (U.S.) $53 million in an all cash transaction.
The B. Riley banking team includes Managing Director Mark Davis, Senior Vice President Salomon Kamalodine and Associate Chris Sigala.
The transaction is expected to close March 2013 and is subject to customary closing conditions.
Oxnard, California-based CalAmp develops and markets wireless communications solutions that deliver data, voice and video for critical networked communications and other applications. The Company's two business segments are Wireless DataCom, which serves enterprise, utility and government customers, and Satellite, which focuses on the North American Direct Broadcast Satellite market.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. For more information about the pending transaction, please read the company-issued press release of December 20, 2012.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and otcqx dad services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, New York, Boston and Atlanta. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
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