James Hardie Industries Plc CEO Aaron Erter has defended a $8.75 billion acquisition of home-decking provider AZEK Co., amidst a sharp stock slump triggered by economic uncertainty. The deal led to a 14.5% drop in James Hardie’s Sydney shares, wiping A$2.9 billion from the company’s market value.
Source: https://www.bloomberg.com/news/articles/2025-03-23/james-hardie-agrees-to-buy-azek-in-8-75-billion-deal