Rakon considers unsolicited proposal, details uncertain

Rakon is currently considering an unsolicited, non-binding, indicative proposal, the company said in a statement.

The proposal, which was received on Dec 7 2023, was incomplete and conditional.

Rakon is now working to understand potential complexities raised by the bidder, including the timing for the proposal.

The company will keep shareholders informed of any material developments.

However, Rakon noted that there is no certainty of a transaction eventuating from the proposal, as well as the pricing or timing of any transaction.

Rakon is a global high technology company that designs and manufactures advanced frequency control and timing solutions.

It operates in the telecommunications, positioning, and space and defence markets.