LCI Industries Receives Unsolicited, Non-Binding Takeover Proposal From Monomoy Capital Partners For $101/Share In Cash; Existing Merger Agreement With Patrick Remains In Place
Benzinga Newsdesk 3 days ago
M&ANews
As announced on June 30, 2026, LCI entered into a definitive agreement to combine with Patrick Industries (NASDAQ:PATK) in an all-stock merger to form a premier component solutions provider for the outdoor enthusiast,
As announced on June 30, 2026, LCI entered into a definitive agreement to combine with Patrick Industries (NASDAQ:PATK) in an all-stock merger to form a premier component solutions provider for the outdoor enthusiast, housing and transportation markets.
LCI’s existing merger agreement with Patrick remains in place, and the LCI Board of Directors continues to recommend in favor of the Patrick transaction. Consistent with its fiduciary duties, LCI's Board of Directors, in consultation with its independent financial and legal advisors, has a responsibility to carefully evaluate Monomoy Capital Partners' proposal and will provide an update to shareholders in due course.
LCI shareholders are advised to take no action with respect to the Monomoy proposal at this time.