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) ) just unveiled an announcement.
Bourns, Inc. has made a full takeover offer for all equity securities in Rakon Limited at $1.55 per security, covering ordinary shares and certain unlisted employee rights, with Rakon’s independent directors having recommended shareholders accept the bid. Bourns has now secured French regulatory approval under the Monetary and Financial Code, and with acceptances at 87.62% of Rakon shares as of 29 April, the offer remains conditional on reaching or waiving the 90% minimum acceptance threshold ahead of its scheduled 7 May closing, leaving a narrow gap that could determine whether full control and potential compulsory acquisition proceed.
The high acceptance level signals strong shareholder support for the transaction and moves Rakon closer to being brought under Bourns’ control, which would likely reshape its ownership structure and governance. Remaining shareholders face a time-sensitive decision on whether to tender their holdings before the offer deadline, a choice that could affect liquidity, future minority protections, and the ultimate outcome of the takeover process.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on the NZX, specialising in frequency control and timing solutions used in telecommunications, positioning, and other high-precision applications. Its products serve global infrastructure and electronics markets where reliability and accuracy are critical to network performance and advanced systems.
Average Trading Volume: 111,962
Current Market Cap: N$349.3M
Learn more about RAK stock on TipRanks’ Stock Analysis page.