Rakon fields $356m takeover notice from American suitor Bourns
Proposed takeover at $1.55 a share already has support from 41% of Rakon's shareholder register.
Another offer is being dangled in front of Rakon investors.
Rakon has received a takeover approach from United States electronics company Bourns Inc at a proposed price of $1.55 a share, valuing the company at $356 million.
The proposed price would be a 72% premium to last Friday’s closing price for Rakon stock of 90 cents a share, but is below the $1.70
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