Toshiba board gains two directors from activist funds in historic shift
Toshiba Corp (6502.T) shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday – an inclusion expected to add momentum to its exploration of potential buyout deals.
Proxy advisers ISS, Glass Lewis back all Toshiba director nominees
Two influential proxy advisers have both recommended voting for the appointment of all Toshiba Corp (6502.T) director nominees including two from activist shareholders, despite objection to the move from within the board.
Toshiba directors exchange criticism over public statements
External directors at Toshiba Corp (6502.T) exchanged criticism on Monday over statements on board decisions, signalling a public rift as the embattled conglomerate reviews strategic options including going private.
Toshiba walked away from potential buyout talks and Brookfield offer -sources
Japan’s Toshiba Corp (6502.T) walked away from potential private equity buyout offers at a substantial premium, as well as advanced talks for a minority stake from Canada’s Brookfield, according to three people familiar with the matter.
