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AZEK
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James Hardie and AZEK to Combine Creating a Leading Building Products Growth Platform

1. James Hardie will acquire AZEK in a definitive agreement. 2. The transaction combines high-performance outdoor living product offerings.

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FAQ

Why Very Bullish?

Acquisitions typically signal confidence in the target company's value. Historical precedent shows that acquisitions often lead to share price increases for the acquired company.

How important is it?

The acquisition directly affects AZEK's valuation and market position, making it highly relevant. This strategic move aligns with growing demand for sustainable building products, enhancing AZEK's market appeal.

Why Short Term?

Stock prices often react quickly to acquisition news, with potential for immediate gains. An example includes the recent acquisition of a smaller firm that led to a significant price spike within days.

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SYDNEY & CHICAGO--(BUSINESS WIRE)--James Hardie Industries plc (ASX / NYSE: JHX) (“James Hardie” or the “Company”), a leader in providing high-performance, low-maintenance building products and solutions, and The AZEK Company Inc. (NYSE: AZEK) (“AZEK”), a leading manufacturer of high-performance, low-maintenance and environmentally sustainable outdoor living products, today announced entry into a definitive agreement (the “Agreement”) under which James Hardie will acquire AZEK for a combination.

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