Australian-listed building materials company James Hardie has agreed to buy US-based decking and siding manufacturer Azek Co. in an $8.8 billion cash-and-stock deal. The acquisition, valued at $8.75 billion, includes assumed debt and will make each Azek share worth $56.88, a 26% premium to its recent average price.
Source: https://www.marketwatch.com/story/siding-and-decking-coming-together-in-8-8-billion-cash-and-stock-deal-e756ef77