Nov
03
Takata Falls After Bankruptcy Reports; KKR Dropped From Bidding
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Bidder Daicel plunges; said to propose bankruptcy in Japan
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Takata is seeking buyers after record safety recalls
Takata Corp. shares fell to an almost six-month low after reports that KKR & Co. dropped out of bidding for the company and that the air-bag maker may be preparing for a U.S. bankruptcy filling.
The shares fell as much as 5.8 percent to 323 yen as of 10:24 a.m. in Tokyo trading, headed for the lowest close since May 11. There have been no new developments since Oct. 11, when Takata last issued a statement in response to reports it was considering bankruptcy, the company said Friday in a statement to the Tokyo Stock Exchange. The parts maker said it will disclose information when it’s available and is working to resolve its recall issues…
Takata Falls After Bankruptcy Reports; KKR Dropped From Bidding
