James Hardie to Terminate ADS Program Amid AZEK Merger

The latest update is out from James Hardie ( (AU:JHX) ).

James Hardie Industries plc has announced the termination of its American Depositary Share (ADS) program, which is currently listed on the New York Stock Exchange. This decision is linked to the company’s merger with The AZEK Company Inc., after which James Hardie’s ordinary shares will be directly listed on the NYSE, rendering the ADS program unnecessary. The termination is set to coincide with the anticipated merger completion date of July 1, 2025, subject to certain conditions. This strategic move is expected to streamline the company’s market presence and potentially enhance its trading efficiency.

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, primarily focusing on the production of fiber cement products. The company is known for its innovative solutions in construction materials, catering to both residential and commercial markets globally.

YTD Price Performance: -29.22%

Average Trading Volume: 2,628,785

Technical Sentiment Signal: Sell

Current Market Cap: A$15.23B

For a thorough assessment of JHX stock, go to TipRanks’ Stock Analysis page.