** Shares of James Hardie Industries JHX.AX fell as much as 9.4% to plunge to lowest since May 15, 2023
** The building materials supplier made an $8.75 billion buyout offer for outdoor deck maker AZEK AZEK.N two weeks ago
** JHX has lost A$5.3 billion ($3.31 billion) since it announced the buyout offer, since analysts are concerned that the price was based on a higher earnings multiple compared to other deals in the sector
** Stock on track for its biggest intraday loss since March 24
** Over 2.9 million shares change hands, vs the 30-day average of 2.6 million
** JHX down 24.6% YTD
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。