Jun 25, 2017ACQUISITIONJapan Key Safety Systems to acquire substantially all of Takata's assets for $1.588B
Key Safety Systems and Takata reached an agreement in principle for KSS to purchase substantially all of Takata's global assets and operations for $1.588 billion, excluding PSAN airbag inflator operations.
Productsautomotive safety systemsseat beltsairbagssteering wheels
“KSS and Takata Corporation announced today that they have reached an agreement in principle to sponsor a restructuring plan for the purchase of substantially all of Takata's global assets and operations by KSS for an aggregate purchase price of $1.588 Billion.”prnewswire.com
- 4 sources
- prnewswire.comKSS And Takata Reach Agreement In Principle Regarding Purchase Of Substantially All Of Takata's AssetsKey Safety SystemsJun 26, 2017
- cnbc.comTakata files for bankruptcy in US, Japan and likely selling assets to US auto parts supplierSaheli Roy ChoudhuryJun 26, 2017
- financialpost.comAirbag maker Takata files for bankruptcy protection after biggest recall in auto history | Financial PostReutersJun 26, 2017
- reuters.comJapanese airbag maker Takata files for bankruptcy, gets Chinese backingNaomi TajitsuJun 26, 2017
Summarized from public sources; check the original articles before acting on it.
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