James Hardie chairwoman Anne Lloyd has defied a backlash from the building materials group’s shareholders and told major investors that it intends to push ahead with an unpopular $14 billion deal to merge with US-based Azek.
Lloyd, who has chaired James Hardie since late 2022 and is based in the US, held a series of calls on Monday with major Australian investors, who had expressed concern that the controversial deal to buy Azek, an outdoor decking and railings group, was value destructive.
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