Winnebago Industries, Inc. (WGO), a leading outdoor lifestyle product manufacturer, today announced that it has entered into a definitive agreement to acquire Newmar Corporation (“Newmar”), a leading manufacturer of Class A and Super C motorized recreation vehicles (“RV”s) for total consideration valued at approximately $344 million, based on the closing price of Winnebago Industries stock on September 13, 2019. The consideration consists of $270 million in cash and a fixed amount of 2 million shares of Winnebago Industries stock, and represents a multiple of 5.2x Newmar’s last twelve months (“LTM”) June 2019 Adjusted Earnings before Interest, Taxes, Depreciation, Amortization, and certain non-recurring expenses  (“Adjusted EBITDA”), adjusted for the value of the tax assets and anticipated run-rate net synergies of $5 million.

source https://finance.yahoo.com/news/winnebago-industries-acquire-premium-rv-113000321.html?.tsrc=rss