KUKA’s management has signed an agreement with Midea and recommends accepting the offer. The commitment Midea signed will last until 2023 and includes that locations and jobs will be retained. In addition, Midea guarantees the protection of business partners’ data and the executive independence. The stock listing will remain but we believe that the free float will suffer and the MDax listing will be at risk.
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Supervisory board is supporting the offer
- Published:
29 Jun 2016 -
Author:
Heinz Steffen -
Pages:
2
KUKA’s management has signed an agreement with Midea and recommends accepting the offer. The commitment Midea signed will last until 2023 and includes that locations and jobs will be retained. In addition, Midea guarantees the protection of business partners’ data and the executive independence. The stock listing will remain but we believe that the free float will suffer and the MDax listing will be at risk.