$98.980
+0.010 (+0.01%)Al cierre
Noticias de LCII
Eventos de LCII
LCI Industries Rejects Monomoy's $101 Per Share Acquisition Proposal
LCI Industries has unanimously determined that the unsolicited, non-binding proposal received from Monomoy Capital Partners to acquire LCI for $101 per share in cash does not constitute a superior proposal and is not reasonably likely to lead to a superior proposal. In reviewing Monomoy's proposal, the Board of Directors carefully considered several factors and determined that a merger with Patrick Industries (PATK) remains the best path towards long-term sustainable value creation for shareholders. In connection with the proposed transaction between LCI and Patrick, LCI and Patrick have both filed a supplement to their joint proxy statement/prospectus that contains updated information with the SEC which can be found on their respective investor relations websites.
LCI Industries Receives $101 Acquisition Proposal from Monomoy
LCI Industries (LCII) confirmed that it has received an unsolicited, non-binding proposal from Monomoy Capital Partners to acquire LCI for $101 per share in cash. As announced on June 30, 2026, LCI entered into a definitive agreement to combine with Patrick Industries (PATK) in an all-stock merger to form a premier component solutions provider for the outdoor enthusiast, housing and transportation markets. LCI's existing merger agreement with Patrick remains in place, and the LCI Board of Directors continues to recommend in favor of the Patrick transaction. Consistent with its fiduciary duties, LCI's Board of Directors, in consultation with its independent financial and legal advisors, has a responsibility to carefully evaluate Monomoy Capital Partners' proposal and will provide an update to shareholders in due course. LCI shareholders are advised to take no action with respect to the Monomoy proposal at this time.
Patrick Industries Reaffirms Merger Agreement with LCI Industries
Patrick Industries (PATK) reaffirmed its agreement to combine with LCI Industries (LCII) in an all-stock merger to form a component solutions provider for the outdoor enthusiast, housing and transportation markets. Patrick was notified by LCI that it had received an unsolicited nonbinding proposal from Monomoy Capital Partners to acquire LCI, and consistent with its fiduciary duties, LCI's board of directors has a responsibility to carefully evaluate the proposal. LCI stated that its board of directors has not changed its recommendation in support of LCI's merger with Patrick.
Sees FY26 Revenue at $3.9B-$4.1B, Consensus $4.23B
Sees FY26 revenue $3.9B-$4.1B, consensus $4.23B
Q2 Revenue at $968.675M, Below Consensus
Reports Q2 revenue $968.675M, consensus $1.12B. "We delivered solid second quarter results with expanded profitability despite continued soft outdoor recreation industry demand. Our 2026 performance has been driven first and foremost by our self-help initiatives. Through disciplined operational efficiencies and strategic cost reduction actions, we've structurally improved our cost base and expanded net margins despite a challenging wholesale RV production environment and continued retail softness. Our disciplined cost management execution and increased product content per unit has fundamentally strengthened our earnings power and position us to generate higher returns throughout the cycle," said Johnny Sirpilla, Interim Chief Executive Officer.
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