Reuters exclusively reports Japan kept activist investor in limbo over key Toshiba vote

Reuters exclusively reported how activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp, was kept in limbo by Japan’s government over a key shareholder vote until the day before the industrial conglomerate’s annual meeting. The move illustrates how Japan’s tighter rules on foreign ownership, introduced in June and designed to protect industries critical to national security, may also potentially be used to keep activist shareholders in check.