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Rakon’s mystery offer taken off the table due to ‘complexities’

The $1.70 offer could not be progressed after six months of due diligence, but investor says it’s ‘not the end of the world’.

Rakon's Mt Wellington headquarters.

Will Mace Wed, 19 Jun 2024

A proposal to acquire NZX-listed oscillator maker Rakon at $1.70 a share will not be progressed, the company said today, although the identity of the offeror and the reasons behind the failure to agree a deal have still not been revealed.

Rakon said this morning the parties “were unable to reach a

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Will Mace Wed, 19 Jun 2024
Contact the Writer: william@nbr.co.nz
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Rakon’s mystery offer taken off the table due to ‘complexities’
Investment,
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