LCI Confirms $101/Share Cash Takeover Bid From Monomoy, Board Backs Patrick Deal
LCII sits 18% above its 52-week low of $77.58 on elevated volume (2.4× avg).
Summary
LCI received an unsolicited, non-binding $101-per-share cash buyout proposal from Monomoy Capital Partners. The Board still recommends the pending all-stock Patrick merger but will evaluate the offer, leaving the November 18 shareholder vote in question.
Key Events · M&A and Partnerships · LCII
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Monomoy Bids $101/Share in Cash
Monomoy Capital Partners made an unsolicited, non-binding proposal to acquire all outstanding LCI shares for $101 per share in cash.
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Board Still Backs Patrick Merger
LCI's existing all-stock merger agreement with Patrick Industries remains in place and the Board continues to recommend it, while saying it will evaluate the Monomoy proposal and advise shareholders to take no action for now.
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November 18 Vote Now Contested
The definitive joint proxy/prospectus was declared effective October 19, 2026, and sets a November 18, 2026 stockholder vote on the Patrick combination — now complicated by the cash alternative.
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Advisors Named
Perella Weinberg Partners LP is financial advisor and Kirkland & Ellis LLP is legal advisor to LCI.
Analysis · LCII · Manufacturing
A rival all-cash bid at $101 a share lands while LCI is already locked into an all-stock merger with Patrick Industries, with a shareholder vote set for November 18, 2026. The Board says it still recommends Patrick but will evaluate Monomoy's proposal with advisors, so the outcome of the November vote is now genuinely uncertain. That is the crux: holders are being asked to approve a stock deal while a cash alternative sits on the table, and the Board has not yet priced or endorsed it.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 45.8% of the 251 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.67%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LCII was trading at $91.31 on NYSE in the Manufacturing sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $77.58 to $159.66. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.