James Hardie, a wall cladding and plasterboard group, has announced its plan to acquire outdoor decking and railings company Azek in a $14 billion cash and scrip deal. The move is expected to boost growth, according to CEO Aaron Erter. However, investors are expressing concerns that the deal is overvalued.
Following the announcement, James Hardie’s shares plummeted nearly 15% to $40, signaling uncertainty among investors. The acquisition price has sparked debate, with some questioning whether it offers sufficient returns on investment.
Source: https://www.afr.com/companies/manufacturing/james-hardie-investors-worried-14b-azek-deal-is-overvalued-20250324-p5llvw