Recreational vehicles maker Winnebago Industries, Inc. (WGO) is said to have rejected Friday a $322 million all-cash offer from private equity firm North Street Capital LP to take it private.
Winnebago reviewed and rejected the unsolicited offer as its offer letter did not have "sufficient information to deem the offer as credible." Winnebago said in a statement that the proposal also was highly conditional, including further due diligence and negotiation.
Winnebago had confirmed receipt of the acquisition offer from North Street Capital earlier in the day from North Street Capital LP. It proposed to acquire all outstanding common shares of Winnebago at a price of $11.00 per share in cash.
The offer represents a more than 29 percent premium to Winnebago's closing price of $8.51 on Thursday.
The company also said that its board will review any additional information relating to the North Street letter and respond in due course. The company advised that no offer has been made to shareholders and that they need not take any action at this time in response to North Street's letter.
WGO closed Friday's regular trading session at $8.66, up $0.15 or 1.76% on a volume of 3.05 million shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.