Somehow, several law firms in the United States are actually contemplating suing James Hardie’s $14 billion target – New York-listed building materials group Azek – because the price is too low. That must be a startling prospect for local investors such as Fidante Partners, who have voted with their feet and sent the James Hardie share price tumbling.
Not that many want to speak about it. There was total silence from big James Hardie investors from AustralianSuper to Ausbil on Monday. Still, a few are not so cowardly.
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