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Rakon ( (NZ:RAK) ) has issued an update.
Bourns, Inc. has continued to advance its takeover bid for Rakon Limited, reporting that it has now secured acceptances for 84.448% of Rakon’s ordinary shares. The offer also covers unlisted share rights under Rakon’s Long Term Incentive Plan, where Bourns’ acceptance levels range from about 83.9% to 100% across the various FY2025 and FY2026 share rights classes.
The high level of acceptances indicates that Bourns is close to achieving full or near-full control of Rakon, significantly reshaping the company’s ownership structure. This progress underscores strong shareholder support for the transaction and positions Rakon more firmly under the strategic direction of Bourns within the global electronic components sector.
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 advanced electronic systems. The company is listed on the NZX and attracts strategic interest from international electronics and components manufacturers seeking to expand their presence in high-precision timing markets.
Average Trading Volume: 129,474
Current Market Cap: N$342.4M
For detailed information about RAK stock, go to TipRanks’ Stock Analysis page.