LCI board says Monomoy proposal is not superior
LCII•LCI Industries rejected Monomoy Capital Partners’ $101-per-share cash proposal, determining it does not constitute a superior proposal. The company said its merger with Patrick remains on track to close in the first half of 2027, and recommended shareholders vote for the merger on Nov. 18, 2026.
1. Proposal rejected
LCI Industries’ board rejected Monomoy Capital Partners’ unsolicited, non-binding $101-per-share cash proposal, determining it was not reasonably likely to lead to a superior proposal.
2. Merger timeline
LCI said it and Patrick are on track to complete their merger in the first half of 2027. The board recommended shareholders vote for the merger on Nov. 18, 2026.
