Winnebago up 12%, discloses buyout offer

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Winnebago up 12%, discloses buyout offer
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) -- Shares of Winnebago Industries Inc. rose 12% to $9.50 a share on Friday. The company said it received a buyout offer of $11 a share from North Street Capital LP, a Greenwich, Conn.-based private equity and hedge fund advisory firm. The Forest City, Iowa, maker of recreational vehicles said it has "not received sufficient information to deem the offer as credible." Winnebago said it'll review any additional information related to the North Street letter and "respond in due course."