Mergers & Acquisitions ·
Patrick Industries, Inc. entered into a merger agreement with LCI Industries to combine via a two-step merger process
PATKPatrick Industries Inc
Patrick Industries, Inc. entered into a merger agreement with LCI Industries to combine via a two-step merger process. LCI shareholders will receive 1.2440 shares of Patrick Industries common stock for each LCI share held, resulting in a combined entity where original Patrick Industries shareholders will own approximately 52% and LCI shareholders will own approximately 48%. The transaction is subject to several conditions including stockholder and regulatory approvals. Patrick Industries, Inc. is a manufacturer of components for the recreational vehicle industry.