Market poised to see what's happening at Rakon

Market poised to see what's happening at Rakon
To buy or not to buy, that is the question. (Image: Supplied)
Paul McBeth
Rebecca Howard
Long-suffering Rakon shareholders may finally have something to smile about following news of a potential takeover with an indicative price well above recent trading history.Lots of questions remain unanswered, however.  For example, who is the mystery bidder and is the price fair and reasonable?On Monday, the company received a non-binding, indicative proposal from a “credible industry player” to purchase 100% of the company in an all-cash offer of NZ$1.70 per share. The offer values the company at $391 million.That compared t...

More Markets

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Gentrack in the hunt for 10 new customers
Markets

Gentrack in the hunt for 10 new customers

Shares climb more than 14% on hopes of at least three or four new customers.  

Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

NZ’s Mighty Ape still weighing on ASX parent Kogan
Markets

NZ’s Mighty Ape still weighing on ASX parent Kogan

Management expects Mighty Ape to return to profitability in the second half of FY26.