U.S. hedge fund Farallon calls on Toshiba to get two-thirds of shareholders to back break-up

FILE PHOTO: Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo September 14, 2015. REUTERS/Toru Hanai

TOKYO (Reuters) -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%, joined the second-largest investor 3D Investment Partners in demanding a higher threshold for the break-up plan.