Patrick Industries to acquire LCI Industries in stock-for-stock merger; exchange ratio 1.2440

PATRICK INDUSTRIES INC

Each LCI share to be exchanged for 1.2440 shares of Patrick common stock; Patrick shareholders to own 52%, LCI shareholders 48%.
Post-closing board to consist of 12 directors: 6 from Patrick, 6 from LCI; Andy Nemeth to remain CEO, Todd Cleveland as Chair, John Sirpilla as Vice Chair.
Termination fee of $94.2 million payable by either party under specified circumstances.
Transaction expected to close by March 30, 2027, subject to regulatory and stockholder approvals.
Patrick common stock to continue trading on Nasdaq under ticker PATK.

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