March 24 (Reuters) - James Hardie:

* JAMES HARDIE AND AZEK TO COMBINE

* WILL ACQUIRE AZEK FOR A COMBINATION OF CASH AND JAMES

HARDIE

SHARES WITH A TOTAL TRANSACTION VALUE OF $8.75 BILLION

* TOTAL TRANSACTION VALUE OF $8.75 BILLION

* UNDER AGREEMENT, AZEK SHAREHOLDERS WILL RECEIVE $26.45 IN

CASH

AND 1.0340 ORDINARY SHARES OF JAMES HARDIE TO BE LISTED ON NYSE

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