Why Shares in This Housing Market Products Company Crashed This Week

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 ...