The largest shareholder in PaperlinX
(ASX:PPX), Orbis Investment Management, is reportedly considering supporting fellow shareholder Andrew Price in his attempt to become the paper manufacturer's executive chairman.
Orbis’ portfolio manager, Simon Mawhinney, told today’s Australian Financial Review that: "when a seemingly talented entrepreneur buys a large amount of shares and wants board representation, it would be foolish to not entertain the idea".
Orbis owns 18.2 per cent of PaperlinX, and Mr Price less than one per cent.
PaperlinX reported a net loss of $108 million in the 2011 financial year.
