Potential bidders for Takata may balk at GM bankruptcy precedent - R...

11/06/16


Potential bidders for Takata may balk at GM bankruptcy precedent
Reuters
The Japanese company has said it is seeking a financial backer. But interested bidders, if the parts maker goes up for sale, want Takata to put its U.S. business into bankruptcy first, the sources said. Generally, U.S. bankruptcy law allows a bidder to ...

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