Takata Corp. shares fell 12 percent in Tokyo trading as bidders for the air-bag maker were said to consider the possibility of some form of bankruptcy proceedings for the Japanese company behind the auto industry’s biggest ever safety recall, Bloomberg News reported today. Bidders for Tokyo-based Takata have been asked to submit their proposals by early this week, and suitors include Carlyle Group LP, which is working with Chinese-owned air-bag manufacturer Key Safety Systems Inc.; Daicel Corp., a Japanese manufacturer of air-bag inflators that’s jointly bidding with Bain Capital; and KKR & Co. Some of the bidders are considering the possibility of bankruptcy proceedings for Takata as an option to mitigate liabilities. Takata aims to shortlist two to three candidates by October.
