'Just wink if it's Nvidia': Rakon targets $1.53 billion space market, boosts AI prospects

Rakon says it has something its competitors don't when it comes to AI.

Wed, 28 Aug 2024

Rakon spent almost $3 million on a takeover bid which failed, including about $1m to retain key employees. The New Zealand Exchange (NZX) listed advanced manufacturer held its annual shareholders meeting on Wednesday in Auckland. Rakon board chair Lorraine Witten outlined to shareholders how the firm had struggled under the demands of an unsolicited $390m takeover offer for the frequency-control products and timing-solutions maker. The bid landed in December and valued Rakon shares at a significant premium of $1.70, but it fell o...

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