Got this AFR reference from a relative.ASX review of Hardie...

Got this AFR reference from a relative.

ASX review of Hardie waiver must restore shareholder democracyThe James Hardie debacle prompts the ASX to do more to safeguard the integrity of Australia’s markets and restore the fading ASX governance premium.Apr 28, 2025 – 6.25pmThe ASX’s decision to review disclosure rules for corporate mergers and acquisitions, including the granting of waivers to listing rules, is a belated concession that its handling of James Hardie has undermined shareholder democracy.The Australian bourse granted one of Australia’s oldest and largest companies a waiver allowing it to bypass local shareholder approval for its $14 billion merger with US outdoor decking group Azek. The deal, which issues 35 per cent more shares in itself to Azek, has been rightly condemned as “value destructive”, especially given the uncertain outlook for US home building. Adding insult to injury, Azek shareholders get a seat at the table

If anyone can get the full gist of it, it could be interesting. Whether there will be a flow on effect to our end of the market, I somehow doubt. Jim Chalmers might have to have some persuading.When one thinks of the billions of tax revenue he's missing out on.....

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