Midea completes KUKA tender-offer settlement
Midea completed settlement of its KUKA tender offer after the transaction's remaining closing conditions were satisfied.
Evidence notes
- Midea’s cash offer was EUR 115 per KUKA share.
- The bidder’s holding reached 94.55% after the offer and was recorded at that level from January 6, 2017.
- Final conditions included antitrust, foreign-economic and U.S. security approvals completed by the end of December 2016.
Company context
Industrial robotics and automation supplier; KUKA robot arms are used across manufacturing and construction automation applications.