MECCA International, a 100% subsidiary of the Chinese company made a tender offer for all outstanding KUKA shares. At the moment around 54.6% of the shares are outstanding. Midea already owns 10.2%, SWOCTEM 10% and Voith 25.2%. Midea offers to pay a cash consideration of €115 per share representing a premium of €59.6% to the unaffected closing price of 3rd, February and a premium of 36.2% to the current closing price as of May, 17th. Midea will keep the headquarter in Augsburg, the
20 May 2016
An offer you cannot resist
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An offer you cannot resist
- Published:
20 May 2016 -
Author:
Heinz Steffen -
Pages:
3
MECCA International, a 100% subsidiary of the Chinese company made a tender offer for all outstanding KUKA shares. At the moment around 54.6% of the shares are outstanding. Midea already owns 10.2%, SWOCTEM 10% and Voith 25.2%. Midea offers to pay a cash consideration of €115 per share representing a premium of €59.6% to the unaffected closing price of 3rd, February and a premium of 36.2% to the current closing price as of May, 17th. Midea will keep the headquarter in Augsburg, the