snippet in todays business spectator

"PaperlinX

The PaperlinX board isn’t rushing into the arms of management expert and shareholder Andrew Price, with its biggest shareholder pushing for his election to the board, even at the expense of current chairman Harry Boon. The Australian Financial Review understands that only after today’s results will Price sit down formally with the board, even though Orbis Investment Management, with its 18 per cent of the register, has been pushing for action.

Of course, this all comes in the wake of frustration on the register following a $117 million approach from someone, said to be Platinum Equity, that was apparently halted by the company’s hybrid holders. Boon is refusing to step down, although you’d have to understand the frustration of shareholders who have watched their stock price drop 78 per cent in the last 12 months."