North Street Charts $322M Course For RV Maker Winnebago

Law360, New York (May 18, 2012, 4:38 PM EDT) -- Iowa-based recreation vehicle manufacturer Winnebago Industries Inc. has received an unsolicited $321.5 million takeover offer from private equity firm North Street Capital LLP, Winnebago's board said Friday.

The vehicle maker, whose RVs are colloquially known as Winnebagos, said Connecticut-based North Street offered to acquire the company for $11 per share in cash. The offer represents a 29.3 percent premium to Winnebago's Thursday close of $8.51 on the New York Stock Exchange.

Winnebago's board said it had reviewed the offer and related information provided by North Street...
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