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U.S. Fund to Urge Toshiba to Reshuffle Board

U.S. Fund to Urge Toshiba to Reshuffle Board

   Tokyo, March 12 (Jiji Press)--U.S. investment fund King Street Capital Management LP said Tuesday that it will propose board director candidates for Toshiba Corp. <6502> at a general meeting of shareholders of the major Japanese electronics maker in June.
   "We intend to propose the nomination of a slate of new independent directors," including King Street's co-founder, Brian Higgins, "to replace a majority of the (Toshiba) board" to assist the firm's historic transformation, the fund said in a letter to Toshiba.

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AFP-JIJI PRESS NEWS JOURNAL


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