TOKYO Oct 11 Bidders for Japan's Takata Corp
will meet this month with the carmakers key to its
survival to consider options, including a $3 billion bid, at a
gathering that could determine the future of the air-bag maker,
people familiar with the matter said.
The meetings of the five bidding groups and the carmakers,
who are Takata creditors and customers, are to take place late
this month in New York, four people involved or briefed on the
matter told Reuters on Tuesday.
The bid from Japanese inflator maker Daicel Corp
and U.S. buyout firm Bain Capital, for more than 300 billion yen
($2.9 billion), is backed by Takata's steering committee of
Japan-based lawyers and consultants, said a person involved in
the process and one who was briefed on the matter.
That is the highest bid on the table for Takata, one source
Takata, Daicel and Bain declined to comment.
($1 = 102.9000 yen)
(Writing by Naomi Tajitsu; Additional reporting by Junko
Fujita; Editing by William Mallard and Louise Heavens)