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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.