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Deals - Asia Headlines

Takata decides to file for bankruptcy: source

Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($9 billion), a source said.

Takata Americas files for U.S. bankruptcy

Takata Americas, the U.S. unit of Japan's Takata Corp , filed for Chapter 11 bankruptcy protection in the United States on Sunday, facing billions of dollars in liabilities stemming from its defective air bag inflators.

Loeb's Third Point targets 'staid' Nestle for change

Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.

Japan regional banks face further delays in merger plans

A proposed merger between two banks in southern Japan will likely be delayed for a second time over monopoly concerns, sources said, highlighting the difficulty regional banks face in trying to consolidate to survive the shrinking market.

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