TOKYO—Farallon Capital Management on Tuesday urged Toshiba Corp to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three.
U.S. hedge fund Farallon, Toshiba’s third-largest shareholder with a stake of more than 6 percent, joined the second-largest investor 3D Investment Partners in demanding a higher threshold for the break-up plan.
