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Rakon ( (NZ:RAK) ) has shared an announcement.
Bourns, Inc. has reported that acceptances for its takeover offer for all ordinary shares in Rakon Limited have reached 73.611% as at the close of 22 March 2026. This level of support suggests Bourns is nearing effective control of the New Zealand-listed technology group, subject to remaining conditions and regulatory requirements.
The bidder has also secured high acceptance levels across key classes of Rakon share rights issued under its Long Term Incentive Plan, including 100% acceptance for certain FY2025 and FY2026 rights that were varied under a Conditional Retention Letter. These strong responses from both shareholders and incentive plan participants indicate broad stakeholder backing for the transaction, potentially reshaping Rakon’s ownership structure and future strategic direction.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on NZX. It is involved with equity securities including ordinary shares and long-term incentive share rights issued under its Long Term Incentive Plan, attracting interest from international acquirers such as U.S.-headquartered Bourns, Inc.
Average Trading Volume: 197,069
Current Market Cap: N$343.6M
For an in-depth examination of RAK stock, go to TipRanks’ Overview page.