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Toshiba nominates Houlihan exec as chair, invites Elliott, Farallon execs to board

05/26/2022

Less than a minute

2022.05.26 10:15

Toshiba nominates Houlihan exec as chair, invites Elliott, Farallon execs to board
FILE PHOTO: The logo of Toshiba Corp is seen at the company’s facility in Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) – Toshiba (OTC:TOSYY) 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:HLI), as board chairperson, a key post as the company undertakes a fresh strategic review.

05/26/2022

Less than a minute

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