Rakon shareholder wants light shed on $400m bid

Is US giant chip maker Skyworks the bidder for NZX listed tech company Rakon? (Image: Rakon)

Fri, 03 May 2024

An unhappy Rakon shareholder says the tech company is forcing investors to glean information about a potential buyout of the business from the media. The New Zealand stock exchange-listed firm (NZX) received a $400 million bid for the business, valuing each share at $1.70 in December. The buyer was named in Australian media as Nasdaq-listed chip maker Skyworks.Shareholder Mike Daniel said the NZ semiconductor chipmaker should, at minimum, confirm the name of the bidder.Daniel is concerned that shareholders selling at a discount to the offe...

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