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Rakon shares rocket on $1.70 indicative takeover proposal

Offer for oscillator maker from 'credible industry player' represents 174% premium to market price.

Rakon's executive director Brent Robinson and CEO Sinan Altug.

Will Mace Mon, 11 Dec 2023

Rakon has revealed it received a potential takeover approach last week after being made aware that the offer’s secrecy may have been breached.

The NZX-listed oscillator maker’s shares went into trading halt this morning, and this afternoon it told the market it received an “unsolicited,

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Will Mace Mon, 11 Dec 2023
Contact the Writer: william@nbr.co.nz
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Rakon shares rocket on $1.70 indicative takeover proposal
Investment,
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