• Reuters

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Toshiba Corp. nominated an executive from M&A advisory firm Houlihan Lokey as chairperson and activist shareholders as outside directors on Thursday, in a board overhaul that could intensify pressure to take the conglomerate private.

Ahead of its annual shareholders meeting on June 28, Toshiba nominated Akihiro Watanabe, the founder of Japanese M&A advisory firm GCA Corp., which was recently acquired by U.S. investment bank Houlihan Lokey.

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