Farallon Capital Management, a San Francisco-based hedge fund manager, has urged that Toshiba Corporation carefully evaluate opportunities to sell the company to private equity. Farallon maintains that Toshiba is in the midst of a “spiral of mistrust,” and that it could pull out through such a transaction.
Farallon has total assets under management above $27 billion and it is the third largest shareholder in Toshiba, with a stake of more than 6%.
EGM to explore strategic reorganization
Toshiba Corporation has scheduled an extraordinary general meeting for its shareholders in Tokyo on March 24 . . .
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