International Companies

Takata files for bankruptcy protection, announces $1.6bn acquisition

By Ikaba Koyi

Date: Monday 26 Jun 2017

(ShareCast News) - Takata, a global supplier of automative safety systems such as seat belts, air bags and child seats, filed for bankruptcy protection in the US and Japan and announced it would be bought for $1.6bn by Key Safety Systems.
The company's US operation, TK Holdings, filed Chapter 11 bankruptcy...

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