James Hardie and AZEK to Combine
James Hardie Industries plc and The AZEK Company Inc. announced entry into a definitive agreement under which James Hardie will acquire AZEK for a combination of cash and James Hardie shares with a total transaction value of $8.75 billion, including AZEK’s net debt of approximately $386 million as of December 31, 2024.
Acquisition ● Construction ● Europe and North America
QXO to Acquire Beacon Roofing Supply for $11 Billion
QXO, Inc. and Beacon Roofing Supply, Inc. announced they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a distributor of roofing, waterproofing and exterior products.
Acquisition ● Construction ● North America
Alphabet Spins off Taara
Google’s parent company Alphabet has officially spun off Taara — a project aiming to provide internet access using laser beams instead of satellites. Developed under Alphabet’s X lab innovation hub, Taara now operates as an independent company.
Spin-off ● Business Services ● North America
StubHub Files for IPO
StubHub, a secondary ticketing marketplace for live events, filed a registration statement with the SEC for an initial public offering. StubHub has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “STUB.”
IPO ● Consumer Services ● North America