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The James Hardie Rule is what happens when trust breaks
Investors have pinched back some power in major M&A deals, following the ASX’s ruling that big equity raisings will now require shareholder approval.
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Timeline cronologica
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ASX gives investors power to vote down capital raisings for major deals
The market operator says companies wanting to issue scrip worth 25pc or more of shares on issue during an M&A deal will have to seek shareholder approval.
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The James Hardie Rule is what happens when trust breaks
Investors have pinched back some power in major M&A deals, following the ASX’s ruling that big equity raisings will now require shareholder approval.