$104.50/share offerHostile / unsolicited bidIndustrials & Manufacturing
LCI board rebuffs Monomoy's revised $104.50-a-share proposal
LCI Industries' board unanimously determined that Monomoy Capital Partners' revised, unsolicited, non-binding proposal to buy the company for $104.50 per share in cash is not a superior proposal. The board also said the bid is not reasonably likely to lead to one.
Why it matters: The rejection keeps the Elkhart-based RV components maker on its existing course despite a sweetened private-equity approach.
Read the full coverage, free
We only link to sources you can read without a subscription. How we check.
Following industrial M&A?
The day's biggest deals, industrial included, in one five-minute email every morning. Built for dealmakers and investors. Free, with no paywalled links.
See what you get →