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Winnebago Industries Incorporated
Winnebago RV maker rejects $321.5 million takeover bid
Winnebago RV maker rejects $321.5 million takeover bid

Winnebago Industries Inc., maker of the cult favorite recreational vehicles, reviewed and rejected an unsolicited $321.5 million takeover bid from a private equity firm Friday. In a letter, North Street Capital offered $11 per share in cash for Winnebago – a 29% premium over the Iowa company’s Thursday close. But Winnebago said in a statement that the letter didn’t have “sufficient information to deem the offer as credible” and that the proposal was conditional upon further due diligence and negotiation. The company said it would look at more information if Connecticut-based North Street decides to offer it and then “respond in due course.” ...

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