Why Azek Stock Is Soaring Today

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 ...