By Will Feuer
Shares of PCTEL jumped after the maker of antennae and other wireless equipment agreed to be bought by network-equipment supplier Amphenol for about $139.7 million.
The stock climbed 47% to $6.86 in the premarket session. Through Friday’s close, shares of PCTEL were more than 8% higher so far this year.
Amphenol has agreed to buy PCTEL for $7 a share in cash.
The deal capped a nearly yearlong strategic process overseen by PCTEL’s board, Chairman Jay Sinder said.
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