Deals of the day-Mergers and acquisitions

, Reuters -  6:07 AM ET 3/24/2025 Company News

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March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Fibre-cement maker James Hardie Industries ( JHX ) said it will buy U.S. artificial decking maker AZEK ( AZEK ) for $8.75 billion, sending its shares tumbling amid analysts' concerns of overpaying for exposure to a sputtering U.S. housing market.

** Australian miner Gold Road Resources ( ELKMF ) has rejected a A$3.3 billion ($2.07 billion) buyout offer from South African peer Gold Fields, the companies said.

** Indian automaker Mahindra & Mahindra is in talks to buy Japan's Sumitomo Corp's ( SSUMF ) entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported, citing sources. (Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

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