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Rakon ( (NZ:RAK) ) just unveiled an announcement.
Rakon says U.S.-based Bourns, Inc. has made a full takeover offer for all its equity securities at $1.55 per security, covering ordinary shares and certain unlisted employee share rights, with independent directors having recommended that shareholders accept. The offer period has been extended to 13 April 2026, and as of 18 March Bourns has secured acceptances for 72.08% of Rakon’s shares, while the bid remains subject to overseas investment and French regulatory approvals as well as a 90% minimum acceptance condition.
The company also indicated that, subject to audit completion, it expects FY26 underlying EBITDA to land in the lower half of its previously signalled $15 million to $24 million range. The combination of solid but modest earnings guidance and strong early acceptance levels suggests the takeover is progressing toward control but still hinges on regulatory clearances and meeting the high acceptance threshold, leaving remaining shareholders to weigh potential deal certainty against Rakon’s standalone prospects.
More about Rakon
Rakon Limited is a New Zealand-based technology company listed on the NZX that designs and manufactures frequency control and timing solutions used in communications, positioning, and other high-precision applications. Its products serve global markets where accurate timing and stability are critical, including telecommunications infrastructure and advanced electronics sectors.
Average Trading Volume: 195,783
Current Market Cap: N$342.4M
For an in-depth examination of RAK stock, go to TipRanks’ Overview page.