26-05-2016 16:20 via uk.news.yahoo.com

German billionaire could get windfall from stake in robot maker Kuka

By Georgina Prodhan FRANKFURT (Reuters) - German billionaire Friedhelm Loh stands to make a huge profit if industrial robot manufacturer Kuka accepts a $5-billion takeover bid by Chinese home appliance producer Midea . Loh will be under scrutiny for any signal of his intentions on Friday when he attends the annual meeting of Kuka shareholders as a member of its supervisory board even though he would not be able to block the takeover if enough other shareholders take up Midea's offer. The meeting
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