ASX to Review Shareholder Approval Requirements
The Australian Stock Exchange (ASX) has announced that it will conduct a review of its current rules regarding shareholder approval requirements. This review is in response to James Hardie’s recent acquisition of AZEK Co.
Review of Listing Rules
The ASX will examine its current rules to ensure that shareholders have a greater voice in listed companies. The review will consider updates to the existing rules.
Shareholder Engagement
James Hardie has engaged with its shareholders to discuss the transaction and its growth strategy. The company has not provided any information on the impact of this review or its recent performance on the stock price.
Market Capitalization
James Hardie Industries’ market capitalization is reported to be around $10 billion.
Key Facts
- The ASX will review its current rules regarding shareholder approval requirements.
- The review will consider updates to the existing rules.
- James Hardie has engaged with its shareholders to discuss the transaction and its growth strategy.
- The company’s market capitalization is around $10 billion.