Autoliv, Key Safety Systems preferred bidders for Takata - Bloomberg

Daicel

22/11/2016 02:50

TOKYO, Nov 22 (Reuters) - Takata Corp  7312.T  has 
shortlisted Sweden's Autoliv Inc  ALV.N  and U.S. parts supplier 
Key Safety Systems as potential bidders for the Japanese airbag 
maker at the centre of the world's biggest auto recall, 
Bloomberg reported. 
    Those two bidders were preferred because of their expertise 
in making airbag systems and safety equipment, as carmakers look 
for ways to improve efficiencies in Takata's production, the 
report said, citing people familiar with the deal.  
    Takata is seeking an investor to help it restructure as 
global automakers face liabilities of $10 billion or more from 
recalls involving defective airbags which have been linked to at 
least 15 deaths worldwide. 
    At a meeting in New York last month between Takata and the 
automakers, the carmakers preferred Autoliv, sources told 
Reuters.  urn:newsml:reuters.com:*:nL4N1D33H3 
    The second-most preferred bidder was Key Safety Systems, 
owned by China's Ningbo Joyson Electronic Corp  600699.SS  and 
backed by private equity firm Carlyle Group  CG.O , according to 
the sources.  
    Daicel Corp, which teamed up with a U.S. buyout firm Bain 
Capital came in third. U.S. parts maker Flex-N-Gate Corp is 
another bidder.  
     
 
 (Reporting by Junko Fujita; Editing by Stephen Coates) 
 ((813-6441-1840, junko.fujita@thomsonreuters.com, Reuters 
Messaging:junko.fujita.reuters.com@reuters.net;)) 
 
Keywords: TAKATA M&A/