Market poised to see what's happening at Rakon

To buy or not to buy, that is the question. (Image: Supplied)

Wed, 13 Dec 2023

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...

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