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Key Safety Systems is expected to sign a definitive agreement to acquire troubled Japanese auto supplier Takata by the end of March, according to a person close to the negotiations.
Key Safety Systems is starting to look like the Mouse that Roared. The Michigan airbag maker is engaged in an uphill battle to acquire Takata Corp.
Chinese companies started talking a decade ago about cracking the U.S. auto market. That hasn't happened, so instead they're getting under the hoods of American cars by buying up suppliers.
Key Safety Systems has been selected as the favored buyer for embattled Japanese airbag supplier Takata, Reuters reported late Friday, citing three sources with knowledge of the process.
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