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An announcement from Rakon ( (NZ:RAK) ) is now available.
Bourns, Inc. has reported that acceptances for its takeover offer for all ordinary shares and certain long-term incentive share rights in Rakon have reached 80.359% of the company’s issued shares as of 8 April 2026. The offer has also achieved high acceptance levels across multiple classes of Rakon’s share rights, with several categories, including certain FY2025 and FY2026 share rights, now at 100% acceptance, indicating strong shareholder support and increasing likelihood of a successful change of control.
These rising acceptance levels suggest Bourns is close to securing effective control of Rakon, which could reshape the company’s ownership structure and strategic direction. For existing shareholders and participants in Rakon’s long-term incentive plans, the high take-up underscores broad backing for the transaction and may signal a forthcoming transition period as Bourns consolidates its position in the specialised electronics and frequency control market.
More about Rakon
Rakon Limited is a New Zealand-based technology company headquartered in Mt Wellington, Auckland. It operates in the electronics sector, focusing on frequency control and timing solutions used in communications, navigation, and other high-precision applications, supplying components to global industrial and telecommunications markets.
Average Trading Volume: 185,734
Current Market Cap: N$343.6M
For detailed information about RAK stock, go to TipRanks’ Stock Analysis page.