Investor wants government review of James Hardie waiver on $14b Azek deal

Jemima Whyte and Simon Evans

Apr 7, 2025 – 2.53pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

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.

Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years.

Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide.