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BRIEF-Winnebago to acquire towable RV manufacturer Grand Design
October 3, 2016 / 1:02 PM / a year ago

BRIEF-Winnebago to acquire towable RV manufacturer Grand Design

Oct 3 (Reuters) - Winnebago Industries Inc

* Winnebago to acquire towable RV manufacturer Grand Design

* Says acquisition is expected to be immediately accretive to Winnebago’s growth profile

* Deal for about $500 million in cash and newly issued WInnebago Shares

* Expects to fund transaction through a combination of $395 million in cash and $105 million iN newly issued Winnebago shares

* Combined company is expected to generate significant cash flow that will facilitate rapid debt reduction

* Revenues for Q4 of fiscal 2016 are expected to be about$263.3 million

* Winnebago expects to reduce its debt to EBITDA ratio to below 1.5x by end of fiscal 2018 Source text for Eikon: Further company coverage:

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