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Exclusive-Activist fund Oasis backs call for Toshiba to solicit buyout offers -source

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Reuters UK

By Scott Murdoch and Makiko Yamazaki SYDNEY/TOKYO (Reuters) -Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity firms, a source with direct knowledge of the matter told Reuters on Wednesday. Oasis also voted against the Japanese industrial conglomerate’s plan to break itself up, said the source, who was not authorised to speak to media and declined to be identified. The upcoming vote at an extraordinary general meeting on Thursday marks a pivotal moment in a long-running battle between To…

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