Feb 21 (Reuters) - Takata Corp TKTDQ.PK :
* U.S. BANKRUPTCY COURT CONFIRMS TK HOLDINGS CHAPTER 11 PLAN OF REORGANIZATION
* COURT'S RULING PAVES WAY FOR TAKATA TO FINALIZE SALE TO KSS AND FOR TK HOLDINGS INC TO EMERGE FROM CHAPTER 11
* EXPECTS TO CONTINUE TO MEET DEMAND FOR AIRBAG INFLATOR REPLACEMENTS WITHOUT INTERRUPTION
* COURT CONFIRMED FIFTH AMENDED CHAPTER 11 PLAN FILED BY TK HOLDINGS, TAKATA'S MAIN UNIT, AND CERTAIN OF TKH'S UNITS & AFFILIATES
* SALE OF SUBSTANTIALLY ALL OF TAKATA'S GLOBAL ASSETS AND OPERATIONS TO KEY SAFETY SYSTEMS WILL BE CONSUMMATED ON EFFECTIVE DATE OF CHAPTER 11 PLAN
* TAKATA EMEA MAINTAINS FINANCIAL INDEPENDENCE, CONTINUES TO OPERATE ON FINANCIALLY "SOLID" BASIS
* SALE TO KEY SAFETY SYSTEMS WILL BE FINALIZED UPON TKH'S EMERGENCE FROM CHAPTER 11, WHICH IS ON TARGET FOR COMPLETION ON OR ABOUT END OF Q1