Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Rakon ( (NZ:RAK) ) has shared an update.
Bourns, Inc., a U.S.-headquartered electronics components maker, has been steadily increasing its stake in New Zealand-listed Rakon Limited through a full cash takeover offer launched in February at $1.55 per share. The move underscores the attractiveness of Rakon’s frequency control technology portfolio and its strategic position in global electronics supply chains.
According to the latest substantial product holder notice, Bourns has lifted its holding from 87.624% to 93.061% of Rakon’s ordinary shares, after additional shareholders accepted the offer. Bourns has now declared the offer unconditional, giving it an unconditional obligation to acquire the shares tendered, effectively cementing control of Rakon and paving the way for full ownership subject to completion of remaining transfers.
More about Rakon
Rakon Limited is a New Zealand-based manufacturer of frequency control products, including crystal oscillators and related components used in telecommunications, positioning, and other high-precision electronic applications. Its shares are listed on the NZX under the ticker RAK, and the company has attracted strategic interest from international buyers seeking advanced timing solutions.
Average Trading Volume: 105,986
Current Market Cap: N$351.6M
For a thorough assessment of RAK stock, go to TipRanks’ Stock Analysis page.