China's Midea to make takeover offer for Germany's Kuka - sources

Chinese home appliances maker Midea Group is close to making a takeover offer for German industrial robot maker Kuka AG , three sources familiar with the matter told Reuters on Tuesday. Midea Group raised its Kuka stake to a 10.2 percent February, saying at the time that it wanted to further raise its stake in Kuka. The Wall Street Journal was first to report that Midea is close to making an offer for around 114 euros a share, valuing Kuka at roughly 4.4 billion euros a share, citing people fami