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BRIEF-KSS: expects Takata transaction to be completed in Q1 2018
June 26, 2017 / 12:34 AM / 2 months ago

BRIEF-KSS: expects Takata transaction to be completed in Q1 2018

June 26 (Reuters) - Key Safety Systems says:

* plans to retain "substantially all" of Takata Corp's workers globally on comparable employment terms

* doesn't intend to shut down Takata factories in Japan

* plans to keep Takata's supply contracts for inflators not related to recalls

* Takata, KSS working to finalise definitive agreement in coming weeks

* expects transaction to be completed in Q1 2018 Source text for Eikon: Further company coverage: (Reporting by Naomi Tajitsu)

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