Patrick Industries and LCI Industries, doing business as Lippert, have agreed to combine in a $3.52 billion all-stock merger. LCI shareholders will receive 1.244 shares of Patrick common stock for each LCI share. Upon closing, Patrick shareholders will own about 52% of the combined company, and LCI shareholders about 48%. The combined company will be headquartered in Elkhart, Indiana. The transaction is expected to close in the first half of 2027, subject to shareholder and regulatory approvals.
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