Patrick Industries refiles LCI merger review, resetting the antitrust waiting period

The merger itself was already known; the new information is regulatory process friction. Patrick and LCI had already announced the proposed merger on June 30, and the parties had filed their initial HSR notices on August 5. The September 4 withdrawal and September 9 refiling restart the antitrust waiting period. 〔0〕

The practical change is more time before closing, not a changed transaction. The filing says the new submission "initiated a new waiting period under the HSR Act" and confirms that the merger remains subject to the other closing conditions. 〔1〕 There is no disclosed change to the all-stock structure, consideration, ownership split, or deal economics in this filing.

Against expectations, this is a modest negative because timing risk increased while deal certainty did not. A refiling can be procedural rather than a sign the merger is failing, but it resets a condition required for closing and creates an incremental delay versus simply allowing the original review period to run. The net read is therefore slightly negative for transaction timing, with no evidence here of a broader deal break or revised terms.