US hedge fund Farallon calls on Toshiba to get two-thirds of shareholders to back break-up

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“The separation plan without shareholder trust would achieve nothing but the creation of three discrete companies, with each inheriting the same issues as Toshiba,” Farallon, the third-largest shareholder with a stake of more than 6% in Toshiba, said in a statement.

A vote will be held on the matter at a shareholder meeting in March.

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