China's Midea begins takeover bid for German robotics firm

China's Midea begins takeover bid for German robotics firm Beijing (AFP) June 16, 2016 - Chinese appliance firm Midea on Thursday said it had begun a cash offer for at least a 30 percent stake of German industrial robotics supplier Kuka, a tender which has stoked controversy in Europe. Midea - best known for selling washing machines and air conditioners - offered 115 euros ($130) per share for Kuka, one of the world's leading manufacturers of industrial robots, in the voluntar ... more

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