James Hardie Industries plc (JHX) is trading at $23.98, down 18.10 percent or $5.30 during Monday's trading, possibly in response to its recently announced agreement to acquire The AZEK Company for $8.75 billion, including AZEK's net debt of $386 million.
The stock opened at $25.50 and has traded between $23.31 and $25.87, compared to a previous close of $29.28 on the New York Stock Exchange. Trading volume has surged to 4.45 million shares, well above the average of 93,944. The stock's 52-week range is $23.31 to $43.57.
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