Toshiba Director Looks to Support Buyout, Against Board Opposition

Toshiba Director Looks to Support Buyout, Against Board Opposition
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan on Feb. 13, 2017. Issei Kato/Reuters
Benzinga
Updated:

Toshiba Corp. director American Raymond Zage locked horns with the board as he agreed to back a resolution that could lead to a potential buyout, Reuters reports.

Zage, a former Goldman Sachs banker and hedge fund manager, looked to back the resolution at next week’s extraordinary shareholder meeting.