U.S. hedge fund Farallon seeks Toshiba extraordinary shareholders meeting

FILE PHOTO: The logo of Toshiba is seen as a shareholder arrives at Toshiba’s extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai

TOKYO (Reuters) – U.S. hedge fund Farallon Capital Management said on Friday it has asked Toshiba Corp to convene an extraordinary shareholders meeting over the Japanese industrial conglomerate’s investment plans.

Farallon, which owns a stake of more than 5% in Toshiba, joins top shareholder Effissimo Capital Management in calling for an emergency meeting.

Reporting by Makiko Yamazaki; Editing by William Mallard

source: reuters.com