US hedge fund Farallon urges Toshiba to secure shareholder support for breakup plan

US hedge fund Farallon urges Toshiba to secure shareholder support for breakup plan

PHOTO: REUTERS/Yuriko Nakao/File Photo

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter