What we learnt: James Hardie just kicked investors while they’re down

The big result: James Hardie | You could almost hear what James Hardie investors were thinking as they sent the building material group’s shares plunging more than 26 per cent on Wednesday morning: Fool me once, shame on you; fool me twice, shame on me.

James Hardie’s much-hated acquisition of US decking products group Azek caused the biggest mutiny among institutional investors we’ve seen in decades in Australia, when Australian shareholders weren’t given the chance to vote on the deal.

Source: https://www.afr.com/chanticleer/what-we-learnt-james-hardie-just-kicked-investors-while-they-re-down-20250818-p5mnq9