Australian stock exchange operator to reassess M&A rules amid James Hardie backlash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2025
0mins
Source: Reuters
ASX Review of Shareholder Approval Rules: The Australian stock exchange operator ASX has initiated a review of its rules regarding shareholder approvals for mergers and acquisitions, prompted by investor concerns over James Hardie's proposed $8.75 billion acquisition of AZEK, which could dilute existing shareholders' interests.
Investor Demand for Greater Voice: Investors, including shareholders of James Hardie, are advocating for stronger shareholder approval requirements for major transactions, emphasizing the need for accountability and a greater voice in decisions affecting their investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
