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Takata Said to Get Five Bids With KKR, Daicel Among Suitors

  • Autoliv, Flex-N-Gate, Key Safety and Bain also submit bids
  • Takata said to discuss bids with carmakers later this month
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Takata Said to Receive Five Bids From Potential Suitors

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Takata Corp. has received bids from potential suitors including buyout firm KKR & Co. and Japanese peer Daicel Corp. as it faces mounting liabilities related to its record recalls, according to people familiar with the matter.

The Japanese safety supplier has taken bids from KKR, auto-parts supplier Flex-N-Gate Corp. and air-bag makers Autoliv Inc. and Key Safety Systems Inc., said one of the people, who asked not to be identified because the deliberations are confidential. Air-bag inflator maker Daicel teamed with Bain Capital for a fifth bid, the person said. Takata spokesman Toyohiro Hishikawa declined to comment.