Bourns Edges Toward Control as Rakon Takeover Acceptances Top 74%

Rakon ( (NZ:RAK) ) has issued an announcement.

Bourns, Inc. has reported that its takeover offer for Rakon has reached acceptances covering 74.812% of Rakon’s ordinary shares, signalling strong shareholder support for the bid. This level of uptake moves Bourns closer to effective control of the company, with implications for Rakon’s future strategy, governance, and integration into Bourns’ broader electronics portfolio.

The offer has also received high acceptance levels across Rakon’s various Long Term Incentive Plan share rights, with most key FY2025 and FY2026 tranches at or near full acceptance. This suggests broad alignment from both executive and non-executive participants and reduces potential overhang from outstanding equity rights, smoothing the path for a more orderly post-takeover capital structure.

More about Rakon

Rakon Limited is a New Zealand-based technology company specialising in frequency control products such as crystal oscillators and related components. Its devices are used in high-precision applications across telecommunications, positioning, and other electronics markets, where timing accuracy and stability are critical to performance.

Average Trading Volume: 198,406

Current Market Cap: N$343.6M

See more insights into RAK stock on TipRanks’ Stock Analysis page.