LCI Industries (LCII) confirmed it has received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company for $101 per share in cash. This offer was made while LCI has an existing definitive merger agreement with Patrick Industries, Inc.
Key Details
- Proposal Terms: Unsolicited, non-binding offer from Monomoy Capital Partners to acquire LCI Industries for $101 per share in cash.
- Existing Agreement: The proposal comes after LCI entered a definitive all-stock merger agreement with Patrick Industries on June 30, 2026.
- Board's Position: LCI's Board of Directors continues to recommend the existing transaction with Patrick Industries but will evaluate the Monomoy proposal. The company has advised its shareholders to take no action at this time.