Farallon Capital Management Issues Letter to Toshiba Shareholders
Company s intention to deploy ¥1.3 trillion of excess cash flow for investments is reckless given track-record
Farallon s EGM
proposal gives shareholders key opportunity to ask Toshiba to honor its commitments to capital allocation discipline under the Toshiba Next Plan
Company s attempts to reassure shareholders and back-pedal have been misleading and disingenuous
SAN FRANCISCO, March 2, 2021 /PRNewswire/ Today, Farallon Capital Management, L.L.C. ( Farallon ) issued a public letter to shareholders of Toshiba Corporation ( Toshiba or the Company ) (6502.T) in connection with the upcoming extraordinary general meeting of shareholders ( EGM ). Farallon is asking Toshiba shareholders to support the Farallon EGM proposal, which calls upon the Company to honor its capital allocation commitments under the Toshiba Next Plan or to explain and seek approval from shareholders for capital policy changes.