Halper Sadeh LLC, an investor rights law firm, is investigating whether Patrick Industries, Axalta Coating Systems, and Equitable Holdings are obtaining fair deals for their shareholders. The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties relating to proposed transactions. Shareholders are encouraged to contact the firm to discuss their rights and options at no cost.

Patrick Industries Merger

Patrick Industries is merging with LCI Industries. Upon completion, Patrick shareholders will own approximately 52% of the combined company. The firm is examining whether the terms of the merger adequately protect shareholder interests.

Axalta Coating Systems Sale

Axalta Coating Systems is being sold to Akzo Nobel N.V. Under the agreement, Axalta shareholders will receive 0.6539 shares of AkzoNobel stock for each share of Axalta common stock. The investigation assesses whether this exchange ratio represents fair value.

Equitable Holdings Merger

Equitable Holdings is merging with Corebridge Financial, Inc. Each outstanding share of Equitable common stock will be exchanged for 1.55516 shares of the combined company’s common stock. Upon closing, Equitable shareholders will own approximately 49% of the combined company.

Shareholder Rights and Next Steps

Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief on behalf of shareholders. The firm represents investors globally who have been affected by securities fraud and corporate misconduct. Shareholders of the involved companies are advised to review their legal options regarding these transactions.

Halper Sadeh LLC and Monteverde & Associates PC are investigating the proposed all-stock merger between Patrick Industries and LCI Industries to determine if Patrick shareholders are receiving fair consideration. The investigations focus on whether Patrick and its board of directors violated federal securities laws or breached fiduciary duties by failing to secure the best possible price, conduct a fair sales process free from conflicts of interest, or disclose all material information necessary for shareholders to evaluate the transaction. The firms suggest that insiders may receive substantial financial benefits not available to ordinary shareholders and that the deal terms could potentially limit superior competing offers.

Under the definitive agreement unanimously approved by the Boards of Directors of both companies, LCI shareholders will receive 1.2440 shares of Patrick common stock for each share of LCI common stock they own. Upon completion, Patrick shareholders will own approximately 52% of the combined company, while LCI shareholders will own approximately 48%. The transaction is anticipated to close in the first half of 2027, subject to shareholder approvals and regulatory clearances.

On a pro forma basis, the combined company’s trailing twelve-month results as of March 2026 would be approximately $8.1 billion of revenue, adjusted EBITDA of $1.0 billion inclusive of synergies, and free cash flow of $508 million inclusive of synergies. The transaction is projected to deliver over $150 million in run-rate cost synergies within three years of closing, driven by procurement efficiencies, SG&A savings, engineering best practices, and improved supply chain management.

Halper Sadeh encourages Patrick shareholders to contact the firm to discuss their rights and options. The firm represents investors globally and may seek increased consideration, additional disclosures, or other relief on behalf of shareholders. Andy Nemeth, CEO of Patrick Industries, is set to serve as Chief Executive Officer of the combined company, which will be headquartered in Elkhart, Indiana. Monteverde & Associates PC, headquartered at the Empire State Building in New York City, also invites shareholders to contact Juan Monteverde regarding the investigation.