Chinese-owned Key Safety Systems plans bid for Takata  [ USA ] [ Japan ]

Key Safety Systems, owned by Ningbo Joyson Electronic Corp., has received an invitation from Takata and is preparing a takeover bid, according to an unidentified source. The combined company would be the world's second largest airbag supplier behind Sweden's Autoliv Inc. Joyson bought Key Safety for USD 920 million after U.S. regulators fined Takata and ordered it to phase out ammonium nitrate ...
<Jul 23, 2016>