Major Rakon shareholders back board to consider takeover options

Rakon chair Lorraine Witten. (Image: Rakon)

Mon, 18 Dec 2023

Rakon’s major shareholders have signalled their support for the high-tech manufacturer’s independent directors to weigh up the company’s options with a $390.7 million takeover potentially on the line. The company said on Monday that it’s set up a board committee chaired by Sinead Horgan to work with external advisers to consider the $1.70 a share indicative offer or any other options that may emerge. Rakon chair Lorraine Witten and fellow independents Keith Watson and Keith Oliver round out the committee. &ldqu...

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