Rakon Limited has revealed that it has received an unsolicited, non-binding, indicative proposal from an undisclosed industry player regarding a potential acquisition of all of Rakon's shares.
The proposed price for the acquisition is NZ$1.70 per share in cash, and the potential deal would be carried out through a scheme of arrangement or takeover offer.
However, Rakon has emphasized that the proposal is incomplete and highly conditional, and there is no guarantee that a transaction will actually take place.
The company stated that it only made the details of the proposal public because it became aware that some shareholders were already aware of its existence.
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 defense markets.
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