Investors protest James Hardie's $14B Azek buy, prompting ASX to review shareholder approval rules.

Investors in James Hardie, an Australian building materials company, protested its $14 billion takeover of US firm Azek, leading to the Australian Securities Exchange (ASX) reviewing its rules on shareholder approvals for mergers and acquisitions. The review aims to give shareholders more influence in significant deals. James Hardie assured that it will not seek a foreign exempt listing post-acquisition.