That’s a good pass

October 2nd, 2011 at 11:44 am by David Farrar

Just had a laugh at the results of the vote of bondholders on the demerger. It was:

  • 435,374,978 in favour (99.9993%)
  • 3,000 against (0.0007%)

I wonder who was the sole grumpy bondholder with $3,000 of bonds?

I suspect the share-holder vote will be a bit closer, but still a huge majority.

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One Response to “That’s a good pass”

  1. KiwiGreg (3,260 comments) says:

    Telecom (Gattung specifically) is nearly right up there with such other great capital destroyers in this country as Muldoon and Cullen.

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