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AZEK ALERT: Johnson Fistel Investigates Proposed Sale of AZEK; Are Shareholders Getting a Fair Deal?

1. AZEK announced a merger with James Hardie Industries. 2. Shareholders to receive $26.45 plus shares worth $56.88 total. 3. An investigation into board's fiduciary duties has been launched. 4. Concerns raised over the adequacy of the proposed buyout. 5. One analyst targets AZEK shares at $64, indicating potential for higher valuation.

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FAQ

Why Bearish?

The ongoing investigation could raise doubts about the deal's fairness, potentially depressing AZEK's stock price. Historical instances of shareholder lawsuits often lead to declines in stock prices due to uncertainty.

How important is it?

The investigation could threaten the merger’s completion or results in renegotiation of the offer, impacting AZEK's price.

Why Short Term?

The implications from the investigation and market reaction are likely to materialize quickly, affecting shareholder sentiment and stock movement in the near term.

Related Companies

James Hardie Industries plc
SAN DIEGO, March 24, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of The AZEK Company Inc. (NYSE: AZEK) breached their fiduciary duties in connection with the proposed sale of the Company to James Hardie Industries plc. On March 24, 2025, AZEK announced that it had signed a definitive merger agreement with James Hardie. Under the terms of the Agreement, AZEK shareholders will receive $26.45 in cash and 1.0340 ordinary shares of James Hardie to be listed on the New York Stock Exchange (NYSE) for each share of AZEK common stock they own. The stock and cash consideration represents a total per share value of $56.88, based on the closing stock price of James Hardie’s closing stock price listed on the Australian Securities Exchange (ASX) on March 21, 2025. The investigation concerns whether the AZEK board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for AZEK shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $64 price target on the stock. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/the-azek-company-inc If you are a shareholder of AZEK and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights:Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, PLLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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