Patrick Industries entered into an Agreement and Plan of Merger with LCI Industries, a stock-for-stock transaction featuring a 1.2440 Patrick share exchange for each LCI share. Upon closing, legacy Patrick holders are expected to own about 52% of the combined company and LCI holders about 48%. The combined board will have 12 directors split evenly between Patrick and LCI designees, with Patrick continuing to trade on Nasdaq under the symbol PATK. The deal is subject to shareholder approvals, regulatory clearances, S-4 effectiveness, and other customary conditions.
Agreement details:
- Agreement type: Agreement and Plan of Merger (stock-for-stock merger)
- Counterparty: LCI Industries
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Until closing; Outside Date Mar 30 2027 (extendable)
- Reason: Scale operations and capture cost and revenue synergies
Original SEC Filing:
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