Rakon’s mystery $1.70 bid ‘appears opportunistic’ – Forbar
Offer represents a 174% premium to the undisturbed share price, but analysts says it’s at the bottom of the cycle.
Rakon’s Auckland headquarters and manufacturing facility.
A $1.70 per share takeover offer for Rakon has been characterised as “opportunistic” by Forsyth Barr analysts James Lindsay and Will Twiss.
In a research note released today, the analysts refer to the NZX-listed company’s announcement yesterday that it had received a non-binding, indicative
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