Toshiba nominates Houlihan exec as chair, invites Elliott, Farallon execs to board By Reuters
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© Reuters. FILE PHOTO: The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File PhotoTOKYO (Reuters) – Toshiba (OTC:) Corp on Thursday nominated executives from two of its major hedge fund shareholders for board seats, potentially a turning point in a long battle between the Japanese conglomerate and its activist shareholders.
Toshiba also nominated Akihiro Watanabe, an executive at M&A advisory firm Houlihan Lokey (NYSE:), as board chairperson, a key post as the company undertakes a fresh strategic review.
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© Reuters. FILE PHOTO: The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File PhotoTOKYO (Reuters) – Toshiba (OTC:) Corp on Thursday nominated executives from two of its major hedge fund shareholders for board seats, potentially a turning point in a long battle between the Japanese conglomerate and its activist shareholders.
Toshiba also nominated Akihiro Watanabe, an executive at M&A advisory firm Houlihan Lokey (NYSE:), as board chairperson, a key post as the company undertakes a fresh strategic review.
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