BlackRock builds 5% stake in Toshiba, becomes third largest shareholder

(Reuters) – BlackRock Inc has built a 5.21% stake in Toshiba Corp, according to a regulatory filing by the U.S. asset manager.

It becomes Toshiba’s third-largest shareholder behind hedge funds Effissimo Capital Management and Farallon Capital Management, a source familiar with the matter said.

The Japanese industrial conglomerate is embroiled in a long-running row with activist shareholders.