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Takata Surges on Report of KKR Plan to Support Air-Bag Maker

  • U.S. regulators say company will remain responsible for recall
  • Family-run company says it hired Lazard to help find a buyer
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Takata Surges on Report of KKR Support

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Takata Corp. surged by the daily limit in Tokyo trading after the Nikkei newspaper reported KKR & Co., the private equity firm, plans to offer support and take control of the company responsible for the biggest safety recall in auto industry history.

Takata jumped 21 percent in Tokyo, the daily limit, but its market value of 38 billion yen ($346 million) is still just a 10th of its 2007 peak.