• Oct. 3, 2016, 8:18 AM
    • Investors seem to love the move by Winnebago (NYSE:WGO) to acquire Grand Design Recreational Vehicles for around $500M.
    • The early enthusiasm is based off  the immediate synergy opportunities which will be presented to the company by the deal.
    • Previously: Winnebago acquires RV maker Grand Design (Oct. 3)
    • WGO +6.07% premarket to $25.00 (52-week high if it sticks).
    Oct. 3, 2016, 8:18 AM | 2 Comments
  • Oct. 3, 2016, 7:41 AM
    • Winnebago Industries (NYSE:WGO) says it acquired Grand Design Recreational Vehicle Company for ~$500M in cash and newly issued Winnebago shares.
    • Grand Design is a manufacturer in the towables segment that is rapidly expanding its market share. The company reported revenue of $428M last year.
    • "Grand Design has built a tremendous reputation and position in our industry by delivering quality products and high levels of customer satisfaction," says Winnebago CEO Michael Happe.
    • Winnebago anticipates the acquisition will be immediately accretive to earnings.
    • The transaction is expected to close by the end of Winnebago's FQ1.
    • Source: Press Release
    Oct. 3, 2016, 7:41 AM | 2 Comments
  • May 18, 2012, 8:54 AM

    Shares of Winnebago (WGO) skyrocket 23.3% premarket off of a report from Bloomberg that North Street has made a $11-a-share offer to buy the company.

    May 18, 2012, 8:54 AM