Shareholders of Toshiba Corp. on June 29 approved the reappointment of all 11 directors who backed a tender offer made by a consortium led by Japan Industrial Partners Inc., although some investors criticized the offer as being "too cheap."
3D Investment Partners, one of Toshiba's significant investors and top critics, praised shareholders of the Japanese technology giant Friday for rejecting a plan to split into multiple standalone entities, saying Toshiba should now turn to soliciting takeover offers from potential private equity and other corporate suitors.