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Rakon ( (NZ:RAK) ) has issued an announcement.
Bourns, Inc. has reported that acceptances for its takeover offer for all ordinary shares in Rakon Limited reached 78.972% as at the close of 31 March 2026. The offer also covers unlisted share rights issued under Rakon’s Long Term Incentive Plan, reflecting Bourns’ aim to secure control across both listed equity and employee incentive securities.
Acceptance levels are particularly high across several classes of share rights, with some FY2025 and FY2026 rights—especially those varied under a Conditional Retention Letter—now at 100% acceptance. The strong uptake across shares and key share-right classes signals that Bourns is close to achieving comprehensive ownership, a development that could materially reshape Rakon’s shareholder base and governance structure.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on the NZX, focused on designing and manufacturing frequency control and timing solutions used in telecommunications, positioning, and other high-reliability applications. Its equity structure includes ordinary shares and unlisted share rights issued under a Long Term Incentive Plan for executive and non-executive participants.
Average Trading Volume: 193,993
Current Market Cap: N$341.3M
Learn more about RAK stock on TipRanks’ Stock Analysis page.