farallon capital management

TOKYO—Toshiba shareholders on Tuesday approved the company’s proposal to invite representatives from two foreign activist funds onto its board, a move which may help speed the transition of the troubled industrial conglomerate.Earlier this year, Toshiba decided to put itself up for auction and so far has received eight offers to take the company private and two proposals for minority investment. TOKYO—Toshibashareholders on Tuesday approved the company’s proposal to invite representatives from two foreign activist…

Toshiba shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday - an inclusion that is expected to add momentum to its exploration of potential buyout deals.Nabeel Bhanji, a senior portfolio manager at Elliott Management, and Eijiro Imai, managing director at Farallon Capital Management were elected, as was Akihiro Watanabe, an executive from boutique US investment bank Houlihan Lokey, who becomes chairman of its board.To date only a few large Japanese…