Mergers & Acquisitions ·
LCI Board rejects Monomoy Capital's revised $104.50 per share unsolicited proposal
LCIILci Industries
LCI Industries' Board of Directors unanimously determined that a revised, unsolicited, non-binding acquisition proposal from Monomoy Capital Partners for $104.50 per share in cash does not constitute a superior alternative to the pending merger with Patrick Industries. The Board concluded the offer substantially undervalues LCI on both a standalone basis and relative to the value creation of the combination with Patrick, which includes approximately $150 million in expected net run-rate cost synergies. This determination precedes LCI's Special Meeting of Shareholders scheduled for November 18, 2026, where investors will vote on the merger agreement announced in June 2026. The company continues to recommend that shareholders vote 'FOR' the Patrick transaction and expects completion in the first half of 2027, subject to regulatory approvals and customary closing conditions. LCI Industries is a global leader supplying engineered components to the outdoor recreation and transportation markets.