Takata Reportedly In Talks With Possible Buyers Including KKR

(RTTNews) - Japanese air bag maker Takata Corp. (TKTDF.PK), which is facing billions in possible costs for the biggest recall in automotive history, is in talks with potential buyers including KKR & Co., according to media reported citing people familiar with the matter. Talks are at a preliminary stage and KKR isn't the only candidate,the reports noted

The Nikkei reported earlier that KKR plans to offer support and lead a restructuring effort in place of the founding Takada family. Takata has hired Lazard Ltd. to pursue investment in the company as part of efforts that began earlier this year to develop restructuring plans.