James Hardie Industries (ASX:JHX) said its Chair Anne Lloyd will meet with major institutional investors to address concerns over the company's $14 billion merger with US-based outdoor decking and furniture group Azek, according to a Monday report by the Australian Financial Review, citing unnamed sources.
The deal has faced backlash as Australian shareholders have been excluded from voting, despite their capital funding the merger, the report said.
Investors have also raised concerns about the company's shift from organic growth to large-scale acquisitions.
Lloyd's meetings, which will involve 25-minute slots with key shareholders, mark her first communication with investors since the merger announcement on March 24, the report added.
James Hardie did not immediately respond to a request for comment by MT Newswires.
Shares of the company fell 5% in recent Monday trade.
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