PCTEL, Inc.

Practice Area: 
Stock Symbol: 
PCTI
Case Status: 
Investigations

Ademi LLP is investigating PCTEL (NASDAQ: PCTI) for possible breaches of fiduciary duty and other violations of law in its transaction with Amphenol.

In the transaction, PCTEL stockholders are expected to receive only $7.00 per share in an all cash transaction with total consideration of approximately $139.7 million. The transaction agreement unreasonably limits competing transactions for PCTEL by imposing a significant penalty if PCTEL accepts a competing bid. PCTEL insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of PCTEL’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.