secwatch.observer — SEC 8-K summary
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Issuer:     PC TEL INC (—)
CIK:        0001057083
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001193125-23-256549
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCTEL agrees to be acquired by Amphenol for $7.00/share in all-cash deal valued at ~$139.7M
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- All-cash transaction: $7.00 per share, valuing PCTEL at approximately $139.7 million.
- Purchase price represents a premium of over 50% to PCTEL's October 13 closing price.
- Transaction expected to close in Q4 2023 or early 2024, subject to stockholder approval and customary conditions.
- PCTEL's Board of Directors unanimously approved the agreement; Amphenol to finance with cash on hand.
- Upon completion, PCTEL will be a wholly owned subsidiary of Amphenol and shares will no longer be publicly listed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057083/000119312523256549/0001193125-23-256549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057083/000119312523256549/d564326d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-256549

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