Ad
Ad
Ad
© kuka © midea Electronics Production | December 30, 2016

Midea’s take-over of Kuka gets US clearance

The US government authorities CFIUS (Committee on Foreign Investment in the United States) and DDTC (Directorate of Defense Trade Controls) have cleared Midea’s take-over of Kuka Aktiengesellschaft.
The take-over will be by MECCA International (BVI) Limited, a subsidiary of Midea Group Co., Ltd. With this clearence, all closing conditions of the EUR 4.5 billion offer have been met.

The settlement of the tender offer can be expected in the first half of January 2017, Kuka writes in a statement.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
februari 21 2017 11:03 em V7.12.4-1