Rakon shares jump on takeover report

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 this morning. Already today 464,345 shares have traded hands, more than 6 times its 90-day average. Neither the company’s chair Bruce Irvine or chief executive Brent Robinson have responded to BusinessDesk queries this morning about an Australian Financial Review report which says Sydney-based Crescent Capital Partners has held talks to buy the company. The telecommunications...

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