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TOKYO (Reuters) – Toshiba (OTC:TOSYY) Corp on Thursday nominated executives from two of its major hedge fund shareholders for board seats, potentially a turning point in a long battle between the Japanese conglomerate and its activist shareholders.
Toshiba also nominated Akihiro Watanabe, an executive at M&A advisory firm Houlihan Lokey (NYSE:HLI), as board chairperson, a key post as the company undertakes a fresh strategic review.
