Rakon chair hoses takeover talk

Thu, 27 Feb 2020

Shares in tech component maker Rakon have risen 15 percent following a media report it has received private equity interest. The stock has risen to 27.5 cents today. More than 560,000 shares have changed hands, more than seven times its 90-day average. The Financial Review reported that Sydney-based Crescent Capital Partners held talks to buy the company. However, Rakon chair Bruce Irvine said the company doesn’t know anything about it. “What I can tell you is that there has been no contact or communication of any form with...

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