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James Hardie Proposes Acquisition of AZEK to Strengthen Market Position

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James Hardie Proposes Acquisition of AZEK to Strengthen Market Position

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James Hardie ( (AU:JHX) ) has issued an update.

James Hardie Industries has announced a proposed acquisition of The AZEK Company Inc. through a merger agreement, which has been amended and is subject to approval by AZEK stockholders. If approved, the merger will result in AZEK becoming an indirect wholly owned subsidiary of James Hardie, with AZEK stockholders receiving cash and shares of James Hardie. This strategic move is expected to enhance James Hardie’s market position and expand its product offerings in the building materials sector.

The most recent analyst rating on (AU:JHX) stock is a Buy with a A$55.00 price target. To see the full list of analyst forecasts on James Hardie stock, see the AU:JHX Stock Forecast page.

More about James Hardie

James Hardie Industries plc operates in the building materials industry, specializing in the production of fiber cement products. The company is known for its innovative solutions in exterior and interior building products, catering primarily to the residential and commercial construction markets.

Average Trading Volume: 2,599,435

Technical Sentiment Signal: Sell

Current Market Cap: A$15.41B

Learn more about JHX stock on TipRanks’ Stock Analysis page.

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