On Friday, April 17, LCI Industries and Patrick Industries both released press releases confirming discussions regarding a potential merger of equals.
LCI Industries’ release is as follows:
LCI Industries today confirmed that it is in discussions with Patrick Industries Inc. regarding a possible merger of equals.
These discussions are ongoing, and there can be no assurances that such discussions will result in a transaction or on what terms any transaction may occur. LCI Industries does not intend to comment further unless and until it determines further disclosure is appropriate.
Patrick Industries’ release stated:
Patrick Industries Inc., a leading component solutions provider for the outdoor enthusiast and housing markets, today confirmed that it is in discussions with LCI Industries regarding a potential merger of equals.
There can be no assurance that any transaction will result from these discussions or on what terms or structure any transaction may occur.
Patrick does not intend to make additional comments regarding these discussions unless and until a formal agreement has been reached or discussions have been terminated.
