Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp

The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders.

The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in a long and acrimonious battle between the once-mighty tech conglomerate and a number of its foreign shareholders, many of them activist funds.

Toshiba is now about 30%-owned by foreign hedge funds, many of which doubt whether management's plan to split the company into three businesses - one each for energy/infrastructure, electronic devices and