Toshiba says 3D drops part of the proposal on articles of incorporation By Reuters

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

TOKYO (Reuters) – Japan’s Toshiba (OTC 🙂 Corp said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal.

Last week, Toshiba said it planned an extraordinary general meeting of shareholders for March 24 to seek initial approval to hive off its devices business.

The 3D Investment Partners firm is based in Singapore.

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