LCI's board rejected Monomoy's revised offer as not better than the Patrick agreement. That transaction remains subject to its stated conditions, so the filing does not change LCI's outlook.
The board says the offer was not better than the Patrick agreement and was unlikely to become better. The Patrick transaction still depends on its stated conditions, but this filing reports no change to it.
Patrick's announced purchase faces less competition from Monomoy because LCI's board said the revised offer was not superior or likely to become superior. The purchase still depends on its stated conditions.
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