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Mobile-home maker Winnebago is surging after buying a competitor for $500 million

Winnebago is taking off after it announced it has agreed to purchase towable RV-maker and competitor Grand Design Recreational Vehicle Co. for $500 million in a stock and cash deal. In the release announcing the move, Winnebago notes that Grand Design had revenue of $428 million in the twelve months ending in August. Grand Design is a private company and Winnebago will pay $395 million in cash and $105 million in stock.
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