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.
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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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