'A Natural Fit With Our Portfolio': Winnebago To Buy Newmar For $344M


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


innebago Industries (NYSE:WGO) announced Monday that it will buy fellow RV manufacturer Newmar Corp. for approximately $344 million.

The privately owned company manufactures luxury motorhomes and generated revenue of $661 million and an adjusted EBITDA of $55.2 million in 2019.

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The deal 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 12 months June 2019 adjusted earnings before interest, taxes, depreciation and amortization; certain non-recurring expenses adjusted for the value of the tax assets; and an anticipated run-rate net of $5 million.

“Newmar’s dedication to manufacturing premium, high-end motorhomes makes it a natural fit with our portfolio of leading outdoor lifestyle brands and we look forward to welcoming Newmar to the Winnebago Industries family,” Winnebago Industries CEO Michael Happe said in a statement.

Winnebago shares were trading down slightly at $36.74 at the time of publication. 

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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: M&ATravelGeneralNewmar Corporation