LCI Industries Board Finds Monomoy Takeover Offer Not Superior

By Public Technologies
  • LCI Industries' board unanimously determined Monomoy Capital Partners' $101-per-share cash acquisition proposal was not superior to its planned merger with Patrick Industries.
  • The board concluded Monomoy substantially undervalued the business, citing a standalone discounted cash flow valuation midpoint exceeding $150 per share.
  • Directors maintained support for the Patrick merger, citing greater value from ownership in the combined company.
  • The combination is expected to generate approximately $150 million in net annual cost synergies within three years of closing.
  • Completion remains on track for the first half of 2027, subject to shareholder approvals and other closing conditions.


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