LCI Industries entered into an Agreement and Plan of Merger with Patrick to combine in an all-stock transaction. Each LCI share will convert into 1.2440 shares of Patrick, with former Patrick holders owning about 52% and former LCI holders about 48% of the combined company. Boards will be split 6–6 between designees from each company, with Patrick leadership continuing in key roles. The deal aims to create a larger, more diversified platform while maintaining Patrick’s Nasdaq listing under "PATK."
Agreement details:
- Agreement type: Agreement and Plan of Merger
- Counterparty: Patrick Industries
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Until closing; outside date Mar 30 2027 (extendable)
- Reason: Combine businesses via stock-for-stock merger to build scale
Original SEC Filing:
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