Rakon 7% investor Mike Daniel ready to cash in
Investor is set to receive just over $25 million if Bourns’ proposed takeover offer is successful.
Rakon’s new research facility in Bengaluru, India.
Rakon investor Mike Daniel took “about five seconds” to decide to accept an offer for his company’s shares from Bourns Inc at $1.55 each – a price that will pay him out just over $25 million if the deal completes.
The NZX-listed oscillator maker announced this morning it had received notice
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