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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 and certain unlisted share rights in Rakon Limited have reached 94.721% of the issued shares as at 3 May 2026. This high level of shareholder support indicates Bourns is close to full control, potentially leading to significant changes in Rakon’s ownership structure and influence over its strategic direction.
Acceptances under Rakon’s Long Term Incentive Plan are also substantial, with most classes of FY2025 and FY2026 share rights either above 88% or fully accepted. The near-universal uptake across key incentive tranches suggests strong alignment from management and staff participants with the transaction, reducing execution risk for the bid and paving the way for streamlined post-takeover integration.
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 communications, 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 Long Term Incentive Plan.
Average Trading Volume: 103,951
Current Market Cap: N$355.1M
See more data about RAK stock on TipRanks’ Stock Analysis page.