U.S. buyout firm KKR & Co is no longer in the bidding to buy Takata Corp, the Japanese parts maker at the center of the world's biggest auto recall, according to a person briefed on the bidding process.
KKR did not attend meetings last week between bidders and the carmakers key to Takata's survival, the source told Reuters. The four other bidding groups include Bain Capital, a U.S. buyout firm that teamed up with Japanese chemical maker Daicel Corp, sources have said.
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