Brief: Pctel Announces Definitive Agreement To Be Acquired By Amphenol Corporation

PCTEL

14/10/2023 01:04

Oct 13 (Reuters) - Pctel Inc  PCTI.O :
    * PCTEL ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED BY
AMPHENOL
CORPORATION
    * ALL CASH TRANSACTION VALUES PCTEL AT APPROXIMATELY $139.7
MILLION, OR $7.00 PER SHARE, OVER A 50% PREMIUM TO TODAY'S
CLOSING PRICE
    * SAYS ALL CASH TRANSACTION VALUES PCTEL AT APPROXIMATELY
$139.7
MILLION, OR $7.00 PER SHARE
    * : TRANSACTION IS EXPECTED TO CLOSE IN Q4 OF 2023 OR EARLY
2024
    * AMPHENOL TO ACQUIRE ALL OUTSTANDING SHARES OF PCTEL
    * : UPON COMPLETION OF TRANSACTION, PCTEL WILL NO LONGER BE
LISTED
ON ANY PUBLIC MARKET
    * PCTEL : UNDER TERMS, APPROVED BY PCTEL'S BOARD OF
DIRECTORS,
PCTEL STOCKHOLDERS WILL RECEIVE $7.00 IN CASH FOR EACH SHARE OF
COMMON STOCK THEY OWN

Source text for Eikon:  ID:nBw2LJh9la 
Further company coverage:  PCTI.O 

 ((Reuters.Briefs@thomsonreuters.com;))