KUKAF
Kuka AGOTCPK - Current
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  • Mon, Jul. 4, 5:30 AM
    • Germany's Voith has decided to sell its 25.1% stake in robot maker Kuka (OTCPK:KUKAY) to China's Midea for about €1.2B.
    • The sale paves the way for Midea's €4.5B takeover of Kuka, which initially upset German politicians who feared a loss of important industrial technology.
    | Mon, Jul. 4, 5:30 AM | 1 Comment
  • Thu, Jun. 16, 8:16 AM
    • China's Midea Group has made a formal offer for Kuka (OTCPK:KUKAY) in face of criticism by some of the robot maker's investors and German politicians.
    • The €115 a share price represents a significant premium to Kuka's latest closing price of €106.05 and trading levels before news of the possible tie-up first emerged. Terms of the $5B offer include a minimum acceptance rate of 30%.
    • Midea has also reiterated its intent for Kuka to retain its independence.
    | Thu, Jun. 16, 8:16 AM