** Australia-listed shares of James Hardie Industries JHX.AX fall 10.3% to A$42, their lowest levels since Nov 7, 2023
** Stock among top five losers in the benchmark ASX 200 index .AXJO
** The fibre cement maker to acquire outdoor products manufacturer AZEK Company AZEK.N in a cash-and-stock deal valued at $8.75 billion
** AZEK shareholders to receive $26.45 in cash and 1.0340 James Hardie shares to be listed on the New York Stock Exchange for each AZEK share, representing a 37.4% premium to AZEK's last close
** Co intends to fund cash portion of transaction through debt financing and has secured a fully committed bridge financing facility
** Stock down 15.1% YTD, lagging behind a 3.1% fall on AXJO index
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))