Shares in fiber cement siding company James Hardie Industries (JHX 2.56%) declined by 15.8% in the week to Friday morning. There's no doubt why the move occurred; the announcement of an agreement to combine with outdoor decking company Azek (AZEK 1.93%) on Monday sent the shares sharply lower. However, there's a debate over whether the move downward is justified.James Hardie agrees to combine with AzekThere are two concerns over the deal: the price and the fact that James Hardie is buying an asset in an ind ...

Investors might want to bet on The AZEK Company (AZEK) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changin ...

NEW YORK, March 24, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by The AZEK Company Inc. (NYSE: AZEK) and its board of directors concerning the proposed acquisition of the company by James Hardie Industries plc (NYSE: JHX). Stockholders will receive $26.45 and 1.0340 shares of James Hardie common stock for each share of The AZEK Company stock that they hold. The transaction is valued at approximately $8.75 billion and is expected to close in the second half of 2 ...

James Hardie Industries plc (JHX) has entered into a definitive agreement with The AZEK Company Inc. (AZEK) to acquire it for a total transaction value of $8.75 billion, including the latter’s net debt of approximately $386 million as of Dec. 31, 2024. The transaction will be executed through a combination of cash and James Hardie shares.Terms of JHX’s Agreement With AZEKPer the agreement, AZEK’s shareholders will receive $26.45 in cash along with 1.0340 ordinary shares of James Hardie, which are to be list ...

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 consideration represents a total value of $56.88 per share, based ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Construction materials manufacturer Azek (AZEK 12.93%) is in an agreement to be acquired, and investors are excited about the premium being paid.Shares of Azek were up 16% as of 10 a.m. ET after the company agreed to be acquired by Australia's James Hardie Industries (JHX -18.85%) for $8.75 billion, including debt.Combining two like-minded companiesAzek manufacturers decking made primarily of recycled materials, offering a more eco-friendly and sustainable option for homeowners. Hardie, which is based in Au ...

NEW YORK, March 24, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating The AZEK Company Inc. (NYSE: AZEK), relating to the proposed merger with James Hardie Industries plc. Under the terms of the agreement, AZEK shareholders will receive $26.45 in cash ...

Outdoor living stock Azek Company Inc (NYSE:AZEK) is headed for its best day ever, up 19.2% to trade at $49.35 at last glance. News that cement manufacturer James Hardie Industries (JHX) will acquire the Chicago-based company in a cash and stock deal worth $8.75 billion is giving the shares a hefty boost. JHX is tumbling after the news, however, last seen down 16.5%. Analysts are chiming in, but not necessarily with positive sentiment. Both Baird and Stephens downgraded the stock to "hold," with price targe ...

The Zacks Building Products - Air Conditioner & Heating industry faces headwinds from housing market volatility, economic uncertainty, and shifting regulations, particularly in Europe and China. Higher interest rates and cautious consumer spending could slow renovation and construction activity, impacting demand. Trade policy risks, including potential tariffs on imports and raw materials, may add cost pressures and disrupt supply chains.Nonetheless, industry players like Carrier Global Corporation (CARR) , ...