AZEK jumps on merger deal with James Hardie
Shares of outdoor home-decking maker AZEK AZEK.N up 19% premarket to $49.25, over one-month high, on M&A news
Fiber-cement maker James Hardie Industries JHX.AX said it will acquire AZEK in cash-and-stock deal valued at $8.8 bln
Shareholders of Chicago-based AZEK to receive $26.45 in cash and 1.0340 James Hardie shares for each AZEK share they own, and combined co to be listed on the New York Stock Exchange
James Hardie was founded in Australia but is now headquartered in Ireland. Its management team is based in Chicago
ASX-listed shares of James Hardie fell ~15% on Mon
Total deal/sh of $56.88 represents ~37% premium to AZEK's last close
AZEK shares, which have $6 bln market cap, down 15% YTD through Fri. Stock notched record-high close of $54.76 on Dec 11
Co went public in Jun 2020 IPO priced at $23
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
