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Report: Japan's Airbag Maker Target of Takeover Effort

A U.S. investment firm is reportedly offering to acquire control of embattled Japanese manufacturer Takata Corporation, which is burdened with a massive recall of defective automobile airbags. A report in Thursday's edition of the Nikkei business newspaper that said Kohlberg Kravis Roberts is seeking a 60 percent stake in the family-owned firm boosted shares of Takata more than 21 percent higher on the Tokyo Stock Exchange. Massive recall Defective airbags...

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