US EditionAnother massive deal in the building supply sector as James Hardie offers AZEK $8.75 billion
- James Hardie Industries announced it will acquire AZEK for $8.75 billion in cash and stock, marking a significant deal in the building supply sector in 2025.
- AZEK shareholders will receive $26.45 in cash and 1.034 ordinary shares per share, totaling $56.88, a 37.4% premium from the last close.
- Following the deal, James Hardie and AZEK shareholders will own approximately 74% and 26% of the combined company, respectively.
- Both companies' boards have unanimously approved the transaction, which is expected to close in the second half of 2025, pending regulatory approvals.
34 Articles
34 Articles
AZEK Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of The AZEK Company to James Hardie Industries - AZEK Co (NYSE:AZEK)
MONSEY, N.Y., March 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of The AZEK Company, Inc. (NYSE:AZEK) ("AZEK") to James Hardie Industries ("James Hardie") for $26.45 in cash and 1.0340 ordinary shares of James Hardie to be listed on the New York Stock Exchange (NYSE) for each share of AZEK common stock. According to a press release announcing the deal, the stock and cash con…
Another massive deal in the building supply sector as James Hardie offers AZEK $8.75 billion
Australian building products company James Hardie Industries is buying the U.S. outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion, including $386 million in debt. It’s the second major acquisition in the building supplies sector in less than a week, with QXO Inc. announcing on Thursday that it was buying Beacon Roofing Supply Inc. in a deal worth about $11 billion, including debt. The U.S. housing market …
Nvidia, Palantir, Tesla, MicroStrategy, Bayer, James Hardie, AZEK: Stocks to watch today
Stocks extended gains as an economic indicator — the March flash Purchasing Mangers Index (PMI) — improved by more than expected. The S&P 500, the Nasdaq 100, and the Dow Jones Industrial Average had all gained at the open following reports that the Trump administration may take a more-targeted approach than initially…Read more...
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