Category: Toshiba Corp

Toshiba Faces Unclear Future After Shareholders Knock Back 2 Rival Proposals

March 24, 2022
Business & EconomyCompanieseconomyhedge fundsMedia & Big TechToshiba Corp
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TOKYO—Toshiba Corp shareholders on Thursday voted down competing proposals—one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain. Management’s plan to spin off Toshiba’s devices unit and the separate call to seek buyout offers had both failed to gain the required 50 percent of…

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US Hedge Fund Farallon Calls on Toshiba to Get Two-Thirds of Shareholders to Back Break-Up

January 19, 2022
Business & EconomyCompanieseconomysplitToshiba Corp
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TOKYO—Farallon Capital Management on Tuesday urged Toshiba Corp to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three. U.S. hedge fund Farallon, Toshiba’s third-largest shareholder with a stake of more than 6 percent, joined the second-largest investor 3D Investment Partners…

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