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The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving the group a majority of more than two-thirds which would be enough to squeeze out remaining shareholders ....
By Makiko Yamazaki and Yuki Nitta TOKYO (Reuters) - A Toshiba Corp external director on Tuesday rejected criticism that having two shareholder represe. ....
The opposition highlights the tensions that exist within Toshiba as the conglomerate considers its future, including whether to sell itself to private equity and go private. ....
A Toshiba Corp external board member said the company’s plan to appoint two directors representing activist investors lacks fairness and balance, opposing their election in a shareholder vote this month. Mariko Watahiki, a former judge who became a Toshiba board member last year, spoke out against the proposed election of two director candidates from Elliott Management Corp and Farallon Capital Management, saying that if they were appointed, activist investors would occupy too much of the board. Toshiba announced a slate of 13 proposed directors last month ahead of its shareholder meeting scheduled for June 28. “Toshiba has many types of shareholders, such as ....