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Farallon Expects Toshiba's Board To Evaluate CVC Proposal By Forming Independent Committee

Farallon Capital Management, LLC, shareholder of Toshiba (TOSYY.PK,TOSBF.PK), issued a statement on the privatization proposal made by CVC Capital Partners to Toshiba Corp. Farallon said a privatization is one of the effective measures that can improve governance and capital allocation of Toshiba.

Farallon Capital Management said Toshiba's board has a duty to maximize mid to long-term enterprise value by evaluating the privatization proposal in a sincere manner through a fair process that includes a proactive market check and formation of an independent special committee.

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