China's Midea Unwraps Offer for Robot-Maker Kuka

FRANKFURT--China's Midea Group made its formal offer to take over Germany's Kuka AG in face of criticism by some of the robot maker's investors and German politicians that management hasn't done enough to find another suitor. Midea, primarily a maker of home appliances, announced its offer of 115 ( 130) a share for the shares it doesn't already yet own in Kuka on Thursday. The price represents a significant premium to the Germany...