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TOKYO (Reuters) - One of Toshiba Corp’s largest shareholders on Friday called on it to solicit buy-out offers, joining a chorus of investors that have opposed the Japanese conglomerate’s plan to break itself up.
Farallon Capital Management, a U.S. hedge fund that owns more than 6% of Toshiba, making it the third-largest shareholder, said in a statement it planned to oppose the break-up plan and that Toshiba should solicit privatisation proposals.
It said Toshiba should carefully evaluate private equity interest and continue a strategic review.
Toshiba’s top shareholder and two influential proxy advisory firms on Thursday said they opposed the company’s plan to split up.
Reporting by Makiko Yamazaki; Editing by David Dolan and Sam Holmes
