Australian Exchange Operator Reevaluates M&A Rules Following James Hardie Backlash
Jul 27, 2025
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(Cryptonesia) – On Sunday, the Australian Securities Exchange (ASX), an operator of the stock market in Australia, announced that they have started a procedure to update their regulations concerning shareholder approval for mergers and acquisitions.
The Australian Securities Exchange decided to review its listing procedures just one day prior to fibre-cement manufacturer James Hardie announcing that it would seek a shareholder vote before making any choices regarding changes to its ASX listing status.
(Reported by Rajasik Mukherjee; Edited by Rashmi Aich)
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