Germany working to formulate Kuka counter-offer: Gabriel says
BERLIN/FRANKFURT (Reuters) - Germany is trying to coordinate an alternative offer for industrial robot maker Kuka following Chinese home appliance maker Midea Group Co Ltd's 4.5 billion euro takeover bid, Economy Minister Sigmar Gabriel said. Kuka is the latest and biggest German industrial technology group to be targeted by a Chinese buyer as the world's second-largest economy makes the transition from a low-cost manufacturer into a high-tech industrial hub. Government sources have said Berlin
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