Toshiba shareholders endorse two directors from activist hedge funds

Toshiba Corp. shareholders voted in two board administrators from activist hedge fund traders on the agency’s annual basic assembly Tuesday, in an inclusion anticipated so as to add momentum to its exploration of potential buyout offers.

Nabeel Bhanji, a senior portfolio supervisor at Elliott Administration, and Eijiro Imai, managing director at Farallon Capital Administration, have been elected, as was Akihiro Watanabe, an government from boutique U.S. funding financial institution Houlihan Lokey, who turns into chairman of its board.