Outdoor Living Stock Soars on Billion-Dollar Buyout Buzz

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 ...