Kuka AG  |  OTCPK - Current
52wk high:131.16
52wk low:79.00
PE (ttm):51.39
Div Rate (ttm):0.56
Yield (ttm):0.43%
Market Cap:$5.22B
  • Dec. 30, 2016, 4:59 AM
    • U.S. authorities have given the green light to the takeover of German robotics maker KUKA (OTCPK:KUKAY) by China's Midea.
    • As a result, all the conditions for closing the tender offer have been met and the settlement of the deal can be expected in the first half of January.
    • Midea will control a 94.55% voting stake in KUKA following its purchase.
    Dec. 30, 2016, 4:59 AM | 2 Comments
  • Jul. 4, 2016, 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.
    Jul. 4, 2016, 5:30 AM | 1 Comment
  • Jun. 16, 2016, 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.
    Jun. 16, 2016, 8:16 AM