TOKYO — Takata shares fell as much as 15% in Tokyo trading as bidders for the air-bag maker were said to consider the possibility of some form of bankruptcy proceedings for the Japanese company behind the automotive industry’s biggest ever safety recall.The shares posted their biggest intraday decline since May 6 and traded 13% lower as of 1.52pm Tuesday in Tokyo. The drop was the biggest on the benchmark Topix index and reduced the company’s market value to ¥30.7bn ($300m).READ THIS: Airbag maker to shortlist biddersBidders for Tokyo-based Takata have been asked to submit their proposals by early this week, and suitors include Carlyle Group, which is working with Chinese-owned air-bag manufacturer Key Safety Systems, Daicel, a Japanese manufacturer of air-bag inflators that’s jointly bidding with Bain Capital, and KKR, according to people familiar with the matter. Some of the bidders are considering the possibility of bankruptcy proceedings for Takata as an option to mitigate liab...
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