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”）確認，其依據《紐西蘭接管法則》（New Zealand Takeovers Code）提出的全現金收購要約，擬以每股或每項股份權利 NZ$1.55 的價格收購 Rakon Limited（“Rakon”）全部股權證券（“要約”），在所有條件均已滿足後，現正進入完成程序。
如先前向市場公告，該要約須取得慣常的監管核准，並就至少 90% 的 Rakon 表決權獲得要約接受。Bourns 於上週末確認：
- 已收到針對超過 90% 已發行 Rakon 股份的要約接受；以及
- 所有所需的監管核准均已取得。
收購流程概述該要約最初於 2026 年 1 月 12 日以擬提出要約的意向公告，並於 2026 年 2 月 9 日在向 Rakon 股東寄發要約文件後正式啟動。 該要約： - 完全由 Bourns 資產負債表資金提供；
- 不以融資或盡職調查為條件；以及
- 僅以 90% 的最低接受門檻（除非予以豁免）及取得慣常監管核准為條件。
在要約期間： - Rakon 的三大股東——Robinson 家族權益、Siward Crystal Technology Co. Limited，以及 Wairahi Investments Limited / Wairahi Holdings Limited，連同 Timemaker 相關權益——已簽署鎖定協議以接受該要約，合計代表 Rakon 已發行股份的 41.2%；以及
- 在與相關主管機關溝通後，已於紐西蘭、英國及法國取得監管核准，其中在法國，已就此類交易慣常要求的承諾函（Commitment Letter）達成一致。
鑒於最低接受條件現已滿足，且所有監管核准均已取得，Bourns 已宣布該要約將進入正式完成階段。 股東後續步驟接受要約的股東將依據要約文件的規定獲得付款，迄今為止接受要約者已於 5 月 8 日獲得付款，其餘接受要約的股東將以批次方式支付。 對於未接受要約的股東，Bourns 擬依據《接管法則》進行對 Rakon 剩餘股份及股份權利的強制收購。 對 Rakon 及其未來的承諾Bourns 重申在要約推出時所闡述的策略意圖與承諾。 Bourns 總裁兼營運長 Al Yost 表示： “自一開始，我們的意圖就是作為長期所有者收購 Rakon，並支持公司的未來成長；我們對雙方結合後的共同未來感到非常振奮。” Bourns 擬將 Rakon 作為獨立事業部門運作，保留其全球營運、員工以及研發能力，同時透過資本支援、全球規模與我們互補的產品組合，支持其長期成功。 “Rakon 在定時與頻率技術領域擁有深厚的創新歷史。成為 Bourns 的一部分後，該業務將受益於穩定的所有權結構，以及在不同市場循環中持續投資的能力。” Bourns 充分認可 Rakon 的紐西蘭傳承及其高度專業的人才團隊，並計劃在 Bourns 全球營運體系內支持該業務的持續發展。 關於 Bourns, Inc.Bourns 是一家私人持有的全球電子元件設計與製造商，總部位於美國加州河濱市（Riverside, California），最終所有權由 Bourns 家族持有。Bourns 為全球交通運輸、工業、電信、醫療†及先進電子市場設計、製造並供應多元化的電子元件產品組合。Bourns 長期以來透過持續投資、營運自主性以及長期持有策略，支持其所收購業務的發展。 媒體及投資人諮詢
Shanahan Partners Richard Llewellyn
richard@shanahan.nz 027 523 2362
本公告應與要約文件及 Bourns 就本次要約先前發布的 NZX 公告一併閱讀。 Bourns® 及 Bourns 標誌為 Bourns, Inc. 的註冊商標，僅可在取得 Bourns 許可並適當標示的情況下使用。文中所提及的其他名稱與品牌均為其各自所有者之商標或註冊商標。
† Bourns® 產品並非為「救生」、「生命關鍵」或「生命維持」應用所設計或預期使用，亦不適用於任何因 Bourns® 產品失效或故障而可能導致人身傷害或死亡的其他應用。請參閱法律免責聲明通知 bourns.com/docs/legal/disclaimer.pdf
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