TOKYO, Reuters – Toshiba Corp (OTC) Corp’s biggest shareholder called for it to seek buy-outs Friday. This joins a group of investors that have opposed the Japanese conglomerate’s plans to dissolve itself.

Farallon Capital Management from the U.S., Toshiba’s third-largest shareholder (with a stake greater than 6%), stated in a statement that they would not support management-backed breakdown. They also called it premature, claiming it was premature because a privatisation had never been adequately investigated.

It stated that “Farallon believes privatisation is the best value-maximizing option and the only way for Toshiba to solve its governance, capital allocation problems, and deep mistrust with shareholders.”

Toshiba’s largest shareholder, along with two prominent proxy advisory firms, on Thursday expressed opposition to the company’s plans to separate. They said that the company needed to rebuild trust before moving forward with its plan.

Toshiba’s extraordinary shareholder meeting will be held on March 24, to vote the plan for dividing in two. It was originally drawn after a five month strategic review.