18.05.2016
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DGAP-Adhoc: KUKA Aktiengesellschaft: Midea group decided to make a tender offer to all KUKA shareholders
KUKA Aktiengesellschaft / Key word(s): Offer
18.05.2016 09:34
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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KUKA Aktiengesellschaft
Zugspitzstrasse 140, 86165 Augsburg
- ISIN DE0006204407-
- ISIN DE000A2AAC27 -
Listed on the following German stock exchanges:
Frankfurt am Main and Munich
Market segment: Prime Standard
Ad hoc disclosure in accordance with section 15 of the WpHG
(Wertpapierhandelsgesetz - German Securities Trading Act)
Midea group decided to make a tender offer to all KUKA shareholders
Today, MECCA International (BVI) Limited ("Bidder"), a 100% subsidiary of
Midea Group Co., Ltd. ("Midea") informed the Executive Board of KUKA
Aktiengesellschaft ("KUKA") about its decision to make a tender offer for
all outstanding KUKA shares. Accordingly, the Bidder intends to offer to
pay a cash consideration of 115.00 EUR per KUKA share to all shareholders.
This represents a premium of 59.6% to KUKA's unaffected XETRA closing price
of 3 February 2016 (the day prior to the publication of Midea's
shareholding of 10.2% in KUKA) and a premium of approximately 36.2% to the
current KUKA share price (closing price of XETRA trading system on 17 May
2016).
Midea also declared the following: Midea intends to support KUKA's further
growth, in particular as leading German provider for Industrie
4.0-solutions as well as the continuing penetration of the Chinese market.
In addition, Midea in particular assures to keep the headquarters of KUKA
in Augsburg, the actual size of the workforce in Germany and in the foreign
KUKA sites and the brand "KUKA" as well as the listing of the KUKA shares
in Germany. Furthermore, Midea would welcome if the KUKA Executive Board
Members will continue with their office and the two major German
shareholders will stay invested in the company.
Following the publication of the offer document, the Executive Board and
the Supervisory Board will evaluate the offer document with due care and
will issue the reasoned opinion with respect to the offer. The reasoned
statement and further other information with respect to the offer will be
published by KUKA Aktiengesellschaft on its website www.kuka.com.
Augsburg, 18 May 2016
KUKA Aktiengesellschaft
The Executive Board
Contact:
Andreas Spitzauer
phone: +49 821 7975-216
fax: +49 821 7975-213
e-mail: [email protected]
18.05.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KUKA Aktiengesellschaft
Postfach 43 12 69
86072 Augsburg
Germany
Phone: +49 (0)821 797 - 0
Fax: +49 (0)821 7975 - 333
E-mail: [email protected]
Internet: www.kuka.com
ISIN: DE0006204407
WKN: 620440
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Hanover, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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