PCTEL Announces Closing of its Acquisition by Amphenol Corporation

Rhea-AI Summary

PCTEL, Inc. (Nasdaq: PCTI) has been acquired by Amphenol Corporation (NYSE: APH) for $7.00 in cash for each share of common stock. PCTEL is now a wholly owned subsidiary of Amphenol, and its shares are no longer publicly traded.

BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI) (“PCTEL” or the “Company”), a leading global provider of wireless technology solutions, today announced that it has been acquired by Amphenol Corporation (NYSE: APH) (“Amphenol”), one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions. Under the terms of the previously announced agreement, PCTEL stockholders are receiving $7.00 in cash for each share of common stock they own. Following the acquisition, PCTEL is a wholly owned subsidiary of Amphenol, and PCTEL shares are no longer publicly traded.

About PCTEL

PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 29 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.

For more information, please visit our website at www.pctel.com/.

About Amphenol

Amphenol is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Broadband Communications, Commercial Aerospace, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks. For more information, visit https://www.amphenol.com.

PCTEL® is a registered trademark of PCTEL, Inc. © 2023 PCTEL, Inc. All rights reserved.

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PCTEL Company Contact

Suzanne Cafferty

Vice President, Global Marketing

PCTEL, Inc.

(630) 339-2107

public.relations@pctel.com

Source: PCTEL, Inc.

FAQ

What is the ticker symbol of PCTEL, Inc.?

The ticker symbol of PCTEL, Inc. is PCTI on Nasdaq.

Who acquired PCTEL, Inc.?

Amphenol Corporation (NYSE: APH) acquired PCTEL, Inc.

How much did the stockholders receive for each share of PCTEL, Inc. stock?

The stockholders received $7.00 in cash for each share of PCTEL, Inc. common stock.

What is the current status of PCTEL, Inc. shares after the acquisition?

PCTEL shares are no longer publicly traded after the acquisition by Amphenol Corporation.