May 5, 2026 - Bourns, Inc. (“Bourns”) confirms that it’s all cash takeover offer under the New Zealand Takeovers Code to acquire all of the equity securities of Rakon Limited (“Rakon”) at NZ$1.55 per share or share right (“Offer”) is now in the process of being completed following the satisfaction of all conditions.
As previously advised to the market, the Offer was conditional on receipt of customary regulatory approvals and acceptance of the Offer in respect of at least 90% of Rakon’s voting rights. Bourns confirmed late last week that:
- acceptances have been received in respect of more than 90% of Rakon shares on issue; and
- all required regulatory approvals have been obtained.
Overview of the takeover processThe Offer was initially announced on 12 January 2026 as an intention to make an offer and was formally launched on 9 February 2026, following dispatch of the Offer Document to Rakon shareholders. The Offer was:
- fully funded from Bourns’ balance sheet;
- not subject to financing or due diligence conditions; and
- conditional only on a 90% minimum acceptance threshold (unless waived) and receipt of customary regulatory approvals.
During the Offer period: - Rakon’s three largest shareholders – Robinson family interests, Siward Crystal Technology Co. Limited, and Wairahi Investments Limited / Wairahi Holdings Limited, together with Timemaker interests – entered into lock up agreements to accept the Offer, representing 41.2% of Rakon shares on issue; and
- regulatory approvals were obtained in New Zealand, the United Kingdom, and France, following engagement with the relevant authorities and, in the case of France, agreement on a Commitment Letter customary for transactions of this nature.
With the minimum acceptance condition now satisfied and all regulatory approvals received, Bourns has declared the Offer will now move to formal completion. Next steps for shareholdersShareholders who accept the Offer will be paid in accordance with the Offer Document, with acceptors to date being paid on 8 May and other accepting shareholders paid on a batched basis. For shareholders who do not accept the Offer, Bourns intends to proceed with compulsory acquisition of the remaining shares and share rights in Rakon in accordance with the Takeovers Code. Commitment to Rakon and its futureBourns reiterates the strategic intent and commitments outlined at the time the Offer was launched. Al Yost, President and Chief Operating Officer of Bourns, said: “From the outset, our intention has been to acquire Rakon as a long term owner and to support the company’s future growth, and we are extremely excited about our combined future together.” Bourns intends to operate Rakon as a standalone division, retaining its global operations, employees and research and development capabilities, while supporting its long term success through access to capital, global scale and our complementary portfolio. “Rakon has a strong history of innovation in timing and frequency technologies. As part of Bourns, the business will benefit from a stable ownership structure and the ability to invest through market cycles.” Bourns recognises the importance of Rakon’s New Zealand heritage and its highly skilled workforce and intends to support the business’ ongoing development as part of Bourns’ global operations. About Bourns, Inc.Bourns is a privately owned global designer and manufacturer of electronic components, headquartered in Riverside, California, USA, with ultimate ownership held by the Bourns family. Bourns designs, manufactures and supplies a diversified portfolio of electronic components serving transportation, industrial, telecommunications, medical† and advanced electronics markets worldwide. Bourns has a long record of supporting acquired businesses through sustained investment, operational autonomy and a long term ownership approach. Media and investor enquiries
Shanahan Partners Richard Llewellyn
richard@shanahan.nz 027 523 2362
This announcement should be read together with the Offer Document and prior NZX announcements made by Bourns in relation to the Offer. Bourns® and the Bourns logo are registered trademarks of Bourns, Inc. and may be used only with the permission of Bourns and proper acknowledgement. Other listed names and brands are trademarks or registered trademarks of their respective owners.
† Bourns® products have not been designed for and are not intended for use in "lifesaving," "life-critical" or "life-sustaining" applications nor any other applications where failure or malfunction of the Bourns® product may result in personal injury or death. See Legal Disclaimer Notice bourns.com/docs/legal/disclaimer.pdf
| 2026年5月5日 - Bourns, Inc.（“Bourns”）确认，其根据新西兰《接管法则》（New Zealand Takeovers Code）提出的全现金收购要约，拟以每股或每项股份权利 NZ$1.55 的价格收购 Rakon Limited（“Rakon”）全部股权证券（“要约”），在所有条件均已满足后，现正进入完成阶段。
如此前向市场所公告，该要约的条件包括取得惯常的监管批准，以及针对至少 90% Rakon 表决权的要约接受。Bourns 于上周末确认：
- 已收到针对超过 90% 已发行 Rakon 股份的要约接受；以及
- 所有所需的监管批准均已获得。
收购流程概览该要约最初于 2026 年 1 月 12 日作为拟发出要约的意向发布，并于 2026 年 2 月 9 日在向 Rakon 股东寄发要约文件后正式启动。 该要约： - 完全由 Bourns 的资产负债表资金支持；
- 不以融资或尽职调查为条件；以及
- 仅以 90% 的最低接受比例门槛（除非予以豁免）及取得惯常监管批准为条件。
在要约期间： - Rakon 的三大股东——Robinson 家族权益、Siward Crystal Technology Co. Limited 以及 Wairahi Investments Limited / Wairahi Holdings Limited，连同 Timemaker 相关权益——已签订锁定协议以接受该要约，合计代表 Rakon 已发行股份的 41.2%；以及
- 在与相关主管机构沟通后，已于新西兰、英国及法国获得监管批准，其中在法国，已就此类交易惯常要求的承诺函（Commitment Letter）达成一致。
鉴于最低接受条件现已满足且所有监管批准均已取得，Bourns 已宣布该要约将进入正式完成阶段。 股东后续步骤接受要约的股东将依据要约文件获得付款，截至目前的接受方已于 5 月 8 日收到付款，其余接受要约的股东将以批次方式获得付款。 对于未接受要约的股东，Bourns 拟根据《接管法则》进行对 Rakon 剩余股份及股份权利的强制收购。 对 Rakon 及其未来的承诺Bourns 重申在要约启动时所阐述的战略意图与承诺。 Bourns 总裁兼首席运营官 Al Yost 表示： “自一开始，我们的意图便是作为长期所有者收购 Rakon，并支持公司的未来增长。我们对双方携手共创的未来感到无比振奋。” Bourns 拟将 Rakon 作为一个独立部门运营，保留其全球运营、员工以及研发能力，同时通过资金支持、全球规模以及我们互补的产品组合来支持其长期成功。 “Rakon 在定时与频率技术领域拥有深厚的创新历史。成为 Bourns 的一部分后，该业务将受益于稳定的所有权结构，以及在不同市场周期中持续投资的能力。” Bourns 充分认可 Rakon 的新西兰传承及其高技能的人才队伍，并计划在 Bourns 全球运营体系内支持该业务的持续发展。 关于 Bourns, Inc.Bourns 是一家私营的全球电子元件设计与制造公司，总部位于美国加利福尼亚州河滨市（Riverside, California），最终所有权由 Bourns 家族持有。Bourns 为全球交通运输、工业、电信、医疗†以及先进电子市场设计、制造并供应多元化的电子元件产品组合。Bourns 长期以来通过持续投资、运营自主性以及长期持有的方式，支持其所收购业务的发展。 媒体与投资者咨询
Shanahan Partners Richard Llewellyn
richard@shanahan.nz 027 523 2362
本公告应与要约文件及 Bourns 就该要约此前发布的 NZX 公告一并阅读。 Bourns® 及 Bourns 标志是 Bourns, Inc. 的注册商标，仅可在获得 Bourns 许可并进行适当声明的情况下使用。文中提及的其他名称和品牌均为其各自所有者的商标或注册商标。
† Bourns® 产品并非为“救生”、“生命关键”或“生命维持”应用而设计或预期使用，亦不适用于任何因 Bourns® 产品失效或故障而可能导致人身伤害或死亡的其他应用。请参阅法律免责声明通知 bourns.com/docs/legal/disclaimer.pdf
|