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An announcement from Rakon ( (NZ:RAK) ) is now available.
Bourns, Inc. has lifted its relevant interest in Rakon to 80.359% of the company’s ordinary shares, up from 78.972%, after additional shareholders accepted its ongoing full cash takeover offer. The increase, driven by the acquisition of a further 3.19 million shares at $1.55 per share under the offer, strengthens Bourns’ control position in Rakon and signals growing shareholder support for the transaction, further consolidating ownership and potentially paving the way for greater strategic influence over the New Zealand company’s future direction.
More about Rakon
Rakon Limited is a New Zealand-based technology company whose shares trade on the NZX under the ticker RAK. The company operates in the electronics sector, with an investor base that includes substantial product holders such as U.S.-based components manufacturer Bourns, Inc., reflecting strategic interest from international industry players.
Average Trading Volume: 185,734
Current Market Cap: N$343.6M
See more insights into RAK stock on TipRanks’ Stock Analysis page.