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Rakon ( (NZ:RAK) ) has shared an announcement.
Bourns, Inc. has reported that acceptances under its takeover offer for all ordinary shares and certain long-term incentive share rights in Rakon Limited have reached 87.624% of the company’s issued shares as at 29 April 2026. The disclosure, made under New Zealand’s Takeovers Code, shows very high acceptance levels across multiple classes of share rights, including several that have reached 100%, indicating that the bid is close to securing near-total control and significantly reshaping Rakon’s ownership structure.
Acceptance levels for Rakon’s FY2025 share rights stand at 85.373%, while all FY2025 and FY2026 share rights varied by a Conditional Retention Letter, as well as FY2026 rights for certain participants, have reached 100%. These figures underscore strong support for the transaction from both shareholders and incentive-plan participants, suggesting that Bourns is poised to consolidate its position in Rakon and potentially influence the company’s strategic direction and governance going forward.
More about Rakon
Rakon Limited is a New Zealand-based technology company focused on frequency control and timing solutions used in telecommunications, positioning and other high-reliability applications. The company’s shares are listed on the NZX, and it operates under a long-term incentive plan that grants share rights to executives and other participants.
Average Trading Volume: 111,962
Current Market Cap: N$349.3M
Find detailed analytics on RAK stock on TipRanks’ Stock Analysis page.