Rakon share price rockets after takeover bid announced

Rakon share price rockets after takeover bid announced
The bid is incomplete and highly conditional at this stage. (Image: BusinessDesk)
Ben Moore
Rakon has received an unsolicited acquisition proposal for $1.70 per share in cash, 2.74 times the $0.62 value per share at the market open today, totalling $391 million against the current market capitalisation of $142.5m.Trading resumed at 4:30pm, and by the close of the market, Rakon’s share price had increased 93.5% to $1.20.The New Zealand stock exchange-listed tech components maker announced the offer to the market following a brief trading halt.The offer was made on Dec 7 but is incomplete and highly conditional, according to the a...

More Markets

Bulls, bears and analysis …
Opinion

Simon Robertson: Bulls, bears and analysis …

Why price-to-earnings ratios don’t cut it.

Simon Robertson 15 Nov 2025
NZ stocks take Wall Street lead to end down 1%
Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 14 Nov 2025
Zoono says it knows no reason for share price surge, halt lifted
Markets

Zoono says it knows no reason for share price surge, halt lifted

A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

Denise McNabb 14 Nov 2025