On March 25, German robotics company kuka said that Guangdong Midea Electric Co., Ltd., which holds more than 95% of the company's shares, said it would pay 80.77 euros (about 88.89 US dollars) per share in cash to the remaining shareholders.
Guangdong Midea Electric Co., Ltd. is a wholly-owned subsidiary of Midea Group, and the bid was determined based on an assessment of Kuka's corporate value, Kuka said.
