China's Midea tries to calm fears on bid for Germany's Kuka

FILE - In this Dec. 2, 2015 file photo, Germany's Kuka Robotics Co.'s robot LBR iiwa demonstrates a flower arrangement at the International Robot exhibition in Tokyo. Chinese appliance maker Midea has promised that German industrial robot maker Kuka will remain independent, as it seeks to allay fears about its takeover bid for the company. Midea's chairman said Thursday, June 16, 2016 that it doesn't intend to "dominate Kuka or delist the business" as it released more details about the share offer announced last month.