Amphenol To Buy PCTEL At 50% Premium: Here's Details
Portfolio Pulse from Lekha Gupta
Amphenol Corp (APH) has agreed to acquire PCTEL Inc (PCTI) for approximately $139.7 million. PCTI shareholders will receive $7.00 per share, a premium of over 50% to the closing stock price on October 13, 2023. The transaction is expected to close in Q4 2023 or early 2024. Post closure, PCTEL will no longer be listed on any public market.
October 16, 2023 | 10:01 am
News sentiment analysis
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NEUTRAL IMPACT
Amphenol's acquisition of PCTEL could potentially strengthen its position in the wireless technology solutions market. However, the stock closed lower by 2.66% at $81.90 on the day of the announcement.
The acquisition could potentially strengthen Amphenol's position in the wireless technology solutions market. However, the immediate market reaction was negative, with the stock closing lower on the day of the announcement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
PCTEL shareholders will receive a premium of over 50% to the closing stock price on October 13, 2023. Post closure, PCTEL will no longer be listed on any public market.
PCTEL shareholders will receive a significant premium on their shares, which is likely to be viewed positively. However, post closure, PCTEL will no longer be listed on any public market.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100