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The latest update is out from Rakon ( (NZ:RAK) ).
Rakon has reminded shareholders who have not yet responded to the full takeover offer from Bourns, Inc. that they have until 7 May 2026 to accept the bid of $1.55 per equity security. The independent directors continue to recommend acceptance, noting that Bourns already holds acceptances for 80.36% of shares and has secured key regulatory approvals in New Zealand and the UK.
The company cautions that if Bourns reaches at least 90% ownership and remaining conditions are met or waived, it intends to compulsorily acquire any outstanding shares at the same offer price. The update underscores that the transaction is nearing the threshold for full control, leaving remaining investors to weigh the likelihood of compulsory acquisition against their options before the closing date.
More about Rakon
Rakon is a specialist in high-performance timing solutions for electronic systems, supplying fast, precise and stable frequency-control components used in mobile networks, autonomous vehicles, satellite constellations and AI data centres. Its technology underpins critical communications and navigation infrastructure, enabling next-generation connectivity and space exploration in demanding environments.
Average Trading Volume: 185,734
Current Market Cap: N$343.6M
Learn more about RAK stock on TipRanks’ Stock Analysis page.