DETROIT/OSAKA -- Takata Corp. has received bids from potential suitors including buyout firm KKR & Co. and Japanese peer Daicel Corp. as it faces mounting liabilities related to its record recalls, according to people familiar with the matter.
The Japanese safety supplier has taken bids from KKR, auto parts supplier Flex-N-Gate Corp. and airbag makers Autoliv and Key Safety Systems Inc., said one of the people, who asked not to be identified because the deliberations are confidential.
Airbag inflator maker Daicel teamed with Bain Capital for a fifth bid, the person said.
Takata spokesman Toyohiro Hishikawa declined to comment.
Takata stock fell the most in almost six months Tuesday as bidders were said to consider the possibility of some form of bankruptcy proceedings as an option to mitigate liabilities.
Almost 70 million Takata airbag inflators are scheduled for replacement in the U.S. alone through 2019 and as many as 15 deaths worldwide have been linked to the components, which can rupture and shoot deadly shards at vehicle occupants.
A person with knowledge of the restructuring process said in May that Takata would seek to avoid bankruptcy and instead look for buyers that could take a controlling stake and carry the company through its crisis.
Bidders were asked to submit proposals covering multiple potential scenarios for how Takata's recall costs and legal liabilities will be handled, according to one of the people. Takata has scheduled meetings to discuss the bids with its automaker customers from Sept. 27 through 29, one of the people said. Automakers' role in covering a share of the airbag-related costs will be discussed as part of the process, the people said.
Representatives for Daicel and KKR declined to comment. Representatives for Bain, Flex-N-Gate, Autoliv, Key Safety Systems and its owner, Ningbo Joyson Electronic Corp., didn't immediately respond to messages.
The Nikkei newspaper reported the bids earlier today.