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Rakon ( (NZ:RAK) ) just unveiled an update.
Bourns, Inc. has continued to advance its takeover offer for all ordinary shares and long-term incentive share rights in Rakon Limited, with acceptances for the company’s shares reaching 77.843% as at 25 March 2026. The high acceptance levels across multiple tranches of share rights, many now at or near 100%, indicate strong support from both executive and non-executive participants and suggest Bourns is close to securing effective control of Rakon, with significant implications for the company’s ownership structure and governance.
Acceptance levels for the FY2025 and FY2026 share rights classes range from about 79% to full uptake, reflecting broad alignment among incentive plan participants with the proposed change of control. This concentration of ownership under Bourns is likely to reshape Rakon’s strategic direction and may impact minority shareholders’ influence, as well as the company’s future positioning in its markets once the offer process concludes.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on the NZX, with its registered office in Mt Wellington, Auckland. The company operates a long-term incentive plan that issues various classes of share rights to executive and non-executive participants, aligning management and staff incentives with shareholder outcomes.
Average Trading Volume: 197,370
Current Market Cap: N$340.1M
Learn more about RAK stock on TipRanks’ Stock Analysis page.