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The latest announcement is out from Rakon ( (NZ:RAK) ).
Bourns, Inc. has lifted its stake in Rakon to 84.448% of the company’s ordinary shares, up from 82.801%, after additional shareholders accepted its ongoing cash takeover offer priced at $1.55 per share. The increased relevant interest, now covering 194,068,981 shares subject to transfer once conditions are met, strengthens Bourns’ effective control of Rakon and moves the deal closer to full acquisition, tightening the options for remaining minority investors and reshaping the company’s future ownership structure.
More about Rakon
Rakon Limited is a New Zealand-based technology company that issues ordinary shares listed on the NZX under the ticker RAK. The firm operates in the electronics sector, with a shareholder base that has recently attracted a full cash takeover offer from U.S.-headquartered components manufacturer Bourns, Inc., signaling strategic interest in Rakon’s position in its market segment.
Average Trading Volume: 129,474
Current Market Cap: N$342.4M
Learn more about RAK stock on TipRanks’ Stock Analysis page.