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The latest update is out from Rakon ( (NZ:RAK) ).
Bourns, Inc. has increased its stake in Rakon Limited to 74.812% of the company’s ordinary shares, according to a new substantial product holder notice filed with the NZX. The holding reflects 171,924,886 shares out of a total 229,809,013 on issue, consolidating Bourns’ position as the dominant shareholder.
The higher stake results from additional Rakon shareholders accepting Bourns’ full cash takeover offer of $1.55 per share, adding 2,760,060 shares since its prior disclosure on 23 March 2026. The acceptances underscore momentum behind the takeover, further tightening Bourns’ control over Rakon and signalling a likely transition toward majority-driven strategic direction for the company.
More about Rakon
Rakon Limited is a New Zealand-based technology company that designs and manufactures frequency control and timing solutions, including crystal oscillators and related components used in telecommunications, positioning, and other high-reliability electronic applications. Its products serve global infrastructure and industrial markets that demand precision timing and stable frequency performance.
Average Trading Volume: 198,406
Current Market Cap: N$343.6M
Find detailed analytics on RAK stock on TipRanks’ Stock Analysis page.