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Rakon ( (NZ:RAK) ) just unveiled an update.
Bourns, Inc. has reported strong progress in its takeover offer for Rakon Limited, with acceptances received for 82.801% of Rakon’s ordinary shares as at the end of 13 April 2026. The offer also covers various classes of unlisted share rights under Rakon’s Long Term Incentive Plan, for which Bourns has secured between roughly 82% and 100% acceptance across different tranches.
The high level of acceptances indicates that Bourns is close to effective control of Rakon, consolidating its position as the likely new owner pending completion of remaining offer conditions and processes. This development significantly advances the change-of-control transaction, with implications for Rakon shareholders and incentive-plan participants as control transitions to the bidder.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on the NZX, specialising in frequency control and timing solutions used in telecommunications, positioning and other high-reliability applications. Its capital structure includes ordinary shares and long-term incentive share rights granted to executive and non-executive participants under its incentive plans.
Average Trading Volume: 160,559
Current Market Cap: N$344.7M
See more data about RAK stock on TipRanks’ Stock Analysis page.