Rakon flags mystery $400m bidder's concerns

Rakon makes advanced parts for 5G networks and the space and defence sectors. (Image: Rakon)

Mon, 13 May 2024

Tech company Rakon is warning that “complexities” have been raised by the potential buyer of the business. In December, the New Zealand Exchange-listed (NZX) semiconductor manufacturer said it had received a non-binding conditional offer from an unnamed party valuing the firm at about $400 million. It has been reported the buyer is Nasdaq-listed Apple supplier Skyworks. On Monday, Rakon said it was working to understand potential complexities the bidder had raised and how to resolve the matters to allow the proposal to pro...

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