(Reuters) -- A Toshiba independent director broke ranks with the company board's public stance on Thursday, saying he would back a shareholder proposal at next week's extraordinary meeting that could pave the way for a potential buyout deal.
The comments from American Raymond Zage, a former Goldman Sachs banker and hedge fund manager, mark the latest twist in a long-standing fight between the 146-year-old Japanese conglomerate and its large number of foreign shareholders.
