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Takata weighs U.S. bankruptcy filing

Oct. 11, 2016 2:19 AM ETTakata Corp. ADR (TKTDQ) StockTKTDQBy: Yoel Minkoff, SA News Editor
  • Shares of Takata (TKTDY) fell 8% overnight after the WSJ reported late last week that the troubled Japanese air bag maker was weighing a U.S. bankruptcy filing as one option for clearing a path for an outside investor.
  • But Takata issued a statement today saying the reported plan was not something it had announced.
  • Markets were closed in Japan on Monday for a public holiday.

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