LCI Board Determines That the Unsolicited, Non-Binding Proposal From Monomoy Capital Partners Does Not Constitute a Superior Proposal
Business Wire•30/10/2026•07:30 ET
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Key Highlights
- ➤LCI rejects Monomoy’s $101-per-share cash proposal as not superior
- ➤LCI says standalone discounted cash flow value exceeds $150 per share
- ➤Patrick merger expected to deliver approximately $150 million in net run-rate synergies
- ➤LCI and Patrick remain on track to complete merger in first half of 2027
- ➤LCI urges shareholders to vote FOR Patrick merger on November 18, 2026
LCI Board Determines That the Unsolicited, Non-Binding Proposal From Monomoy Capital Partners Does Not Constitute a Superior Proposal
LCI Industries (NYSE: LCII) (“LCI”), today announced that its Board of Directors, in consultation with its outside financial and legal advisors, 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.
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