Ashtead plans to relocate its stock listing to the US to attract American investors, despite challenges in the US construction industry due to high interest rates. The move has been partly motivated by criticism over a proposed $14 million pay package for CEO Brendan Horgan, seen as excessive in the UK but more acceptable in the US market. Analysts suggest that selling off its smaller UK operations could be the next step, although the company insists this will not impact its UK investment plans.
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