PCTI - Amphenol To Buy PCTEL At 50% Premium: Here's Details | Benzinga
On Friday, Amphenol Corp (NYSE: APH) inked a deal to acquire PCTEL Inc (NASDAQ: PCTI) for around $139.7 million.
As per the all-cash transaction, PCTI shareholders will receive $7.00 per share, representing a premium of over 50% to the closing stock price on October 13, 2023, the last full trading day before the deal's announcement.
PCTEL provides wireless technology solutions, which include purpose-built Industrial IoT devices, antenna systems, ...