LCI Industries announced its Board of Directors has rejected an unsolicited acquisition proposal from Monomoy Capital. After a careful review, the board concluded the offer was not superior to its pending merger with Patrick Industries. The company reaffirmed its commitment to the Patrick transaction, highlighting its strategic benefits and expected synergies.
Key Details
- Rejected Proposal: The board determined the unsolicited bid from Monomoy Capital was not a superior proposal compared to the pending merger with Patrick Industries.
- Merger Synergies: LCI reiterated that the combination with Patrick is expected to deliver approximately $150 million of net run-rate cost synergies within three years post-closing.
- Updated 2026 Outlook: Alongside the merger update, the company tightened its full-year 2026 adjusted EPS guidance to a range of $8.25 to $8.50 on expected adjusted revenue of $3.9 billion to $4.0 billion.