Kuka defence mandates go to Goldman, Deutsche, Clifford Chance
Kuka [ETR:KU2] has mandated Goldman Sachs and Deutsche Bank to advise it on talks with suitor Midea [SHE:000333], people familiar with the situation said.
The company will take legal advice from Clifford Chance, two people said.
Kuka learnt of the EUR 115 per share offer this morning (18 May), the first person said. The banks will spend the next week deciding whether Kuka’s board should support the offer, which is unsolicited but not being treated as unfriendly, this person said. Kuka declined to comment.
Midea has appointed Morgan Stanley and law firm Freshfields, according to a company statement.