Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Azek Stock Is Soaring Today

TheMotleyFool

0 0

Construction materials manufacturer Azek (NYSE: AZEK) is in an agreement to be acquired, and investors are excited about the premium being paid.

Shares of Azek were up 16% as of 10 a.m. ET after the company agreed to be acquired by Australia's James Hardie Industries (NYSE: JHX) for $8.75 billion, including debt.

Azek manufacturers decking made primarily of recycled materials, offering a more eco-friendly and sustainable option for homeowners. Hardie, which is based in Australia but does most of its business in the U.S., knows this niche well as the maker of Hardie board fiber cement siding.

Source Fool.com

Like: 0

AZEK

Share