KKR Among Companies Said to Be Proposing Taiyo Holdings Buyout

Japanese chemical manufacturer Taiyo Holdings Co. has received acquisition proposals from two companies including US investment firm KKR & Co., according to people familiar with the matter.

Taiyo has received various proposals including forming capital and business alliances and going private, the Tokyo-based company said in a statement following the Bloomberg report. It has established a special committee to consider its options, though nothing has been decided, it said.

Separate proposals were submitted by KKR and Nippon Sangyo Suishin Kiko Ltd., a Tokyo-based private equity firm, the people said, asking not to be identified because the matter is ...