Slother,
Some resolutions require 75% majority. Also sometimes associated parties can't vote i.e. CNP holding could be an associated party in some possible future transactions, so Orbis vote becomes very important in these circumstances.
Any shareholder holding over 10% in these situations becomes very important.
Regards
Buffett
PS Not making any predictions about CER/CNP transactions going forward, just stating how useful Orbis vote can be.
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