LCI Industries and Patrick Industries agree to all-stock merger

Simply Wall St··Read original
3▲2 ▼0Impact / 5
Summary · why it matters

LCI Industries and Patrick Industries have agreed to an all-stock merger to form a combined component supplier across outdoor recreation, housing, and transportation markets. The companies announced plans for a unified leadership structure and identified cost synergies as part of the proposed transaction. The deal remains subject to shareholder and regulatory approvals before it can close. LCI Industries shares are trading at $103.36, up 7.8% over the past week but down 16.9% year to date.

Impact on assets 2

Consumer Discretionary▲ · 1 stocks
LCI Industries
LCII
▲ PositiveCapitalrelevance

LCI Industries is merging with Patrick Industries in an all-stock deal, expected to create synergies and value.

Industrials▲ · 1 stocks
Patrick Industries Inc
PATK
▲ PositiveCapitalrelevance

Patrick Industries is merging with LCI Industries in an all-stock deal, expected to create synergies and value.

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