M&A
confidence high
sentiment negative
materiality 0.60
DOJ issues Second Request in Patrick-LCI merger, extending HSR waiting period
LCI INDUSTRIES
- LCI and Patrick each received a DOJ Second Request for additional information and documentary material on Oct 9, 2026, extending the HSR waiting period until 30 days after substantial compliance.
- Under the June 30, 2026 merger agreement, Patrick Industries will acquire LCI via a two-step merger; LCI would become a direct wholly owned subsidiary of Patrick.
- HSR notifications were filed Aug 5, 2026, voluntarily withdrawn Sept 4, then refiled Sept 9, 2026, which started a new waiting period before the FTC and DOJ.
- Patrick filed an S-4 registration statement (File No. 333-299100) on Sept 23, 2026 containing a preliminary joint proxy statement/prospectus; it is not yet effective.
- Closing remains subject to termination or expiration of the HSR waiting period and other conditions; the parties said they intend to continue cooperating with the DOJ.