Suitors offer Takata bids of at least US$1b each

Tokyo

TAKATA Corp has received offers for initial investments of US$1 billion to US$2 billion from each of the five suitors seeking to buy the troubled air bag maker, according to a person with knowledge of the matter.

The Japanese company behind the industry's biggest recall may be leaning towards three bids: one by air bag inflator maker Daicel Corp and Bain Capital, and the others by buyout firm KKR & Co and bumper supplier Flex-N-Gate Corp, said the person, who asked not to be identified because the discussions are confidential.