TOKYO -- Farallon Capital Management urged Toshiba to solicit buyout offers in a statement Friday, while expressing opposition to the Japanese conglomerate's plans to split into two publicly traded companies.
"Farallon believes that a privatization is likely in the best interest of all of Toshiba's stakeholders," it said. The U.S. asset management firm is thought to hold a roughly 5% stake in Toshiba, making it one of the industrial group's largest shareholders.
