Takata Seeks Rescue With Potential Buyers

Takata Corp., the airbag maker facing billions in possible costs for the biggest recall in automotive history, is in talks with potential buyers including U.S. fund KKR & Co., according to a person familiar with the matter.

Talks are at a preliminary stage and KKR isn't the only candidate, said the person, who asked not to be named as the discussions are private.

Japan's Nikkei newspaper reported that KKR has proposed taking about a 60 percent stake in Takata and has submitted a restructuring plan to the external steering committee tasked with restructuring the supplier.

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PUGPROUD - 5/26/2016 9:10:57 AM

+2 Boost

A last gasp effort before sinking into bankruptcy. Cannot imagine who would take on the yet undetermined but huge potential liabilities. Is there really a money play here for a buyer.