Shareholders at Auckland tech firm Rakon appear primed to accept a 365 million dollar takeover bid

Shareholders at Auckland tech firm Rakon appear primed to accept a 365 million dollar takeover bid

13 January 2026
The company reported a narrow half-year loss in November.

Californian firm Bourns' cash offer is set at one-dollar-55 per share - a 72 percent premium on Rakon's Friday closing price of 90 cents.

NZ Shareholders Association chief executive Oliver Mander says three shareholders holding 41 percent have already agreed to sell to Bourns - making a competing bid difficult.

But he says if a competing bidder did emerge now, they'd have to target the other 59 percent who haven't entered into any other form of agreement.

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