BUZZ-AZEK jumps on merger deal with James Hardie

Reuters

Mar 24, 2025

** 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

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0566484027.USD","symbol_name":"安本美国小盘成长股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250324:nL6N3Q70CS:1","article_id":"2521749631","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521749631","pubTimestamp":1742814909,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-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. 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