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LCI Industries shares surge on $101 per share acquisition proposal from Monomoy Capital Partners

Nasdaq +2 · ·by G4L

LCII
LCII LCI Industries
$97.98 -3.10%
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  1. 1LCI Industries confirmed it received an acquisition proposal from Monomoy Capital Partners including a cash offer of $101 per share.
  2. 2LCI Industries shares rose 7.1% in pre-market trading on Wednesday.
  3. 3The LCI board stated it has a fiduciary duty to carefully evaluate Monomoy's proposal while continuing to recommend the merger with Patrick Industries.

So what's the key point?

Monomoy Capital Partners proposed to buy LCI Industries for $101 per share. Shares rose 7.1% following this news.

Source Nasdaq +2 · View original ↗

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