James Hardie shareholders have called for the federal government to intervene and review the sharemarket operator’s decision to grant a waiver that prevented investors in the building materials group from voting on its $14 billion proposed merger with US-based Azek.
James Hardie’s board and management controversially sought a waiver from the Australian Securities Exchange for the deal not to be subject to a shareholder vote. But Azek shareholders will get to vote on the deal, which was announced on March 24.
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