Takata Rises as Air-Bag Maker Said to Contact Potential Bidders

Takata Corp. rose the most in a week after people familiar with the matter said the scandal-stricken air-bag maker is reaching out to as many as 20 possible buyers in an effort to narrow down a list of suitors.

Takata is working on restructuring the company and is open to a sale to a private equity partner, a parts supplier or a combination, the people said, asking not to be named because the matter is private. One stumbling block to the sale is the liability from the air-bag recall, and Takata has been talking to its advisers about how to manage the legal risk, they said.