US hedge fund Farallon urges Toshiba to secure shareholder support for breakup plan

US hedge fund Farallon urges Toshiba to secure shareholder support for breakup plan

PHOTO: REUTERS/Yuriko Nakao/File Photo

Farallon Capital Management on Tuesday urged Toshiba Corp to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three.