Recreational-vehicle suppliers LCI Industries and Patrick Industries Inc. terminated discussions over a potential merger after they were unable to reach “mutually agreeable terms” on a deal.
The companies announced the end of talks Monday in statements that provided limited details. Patrick Industries said there was consensus on “leadership of the combined company, continued execution of Patrick’s strategic plan and vision, and other key aspects of a potential transaction” but they couldn’t reach agreement on other unidentified terms.
LCI and Patrick Industries last month confirmed a Bloomberg News report that they were exploring what they described as a merger of equals. ...
