Winnebago receives buyout offer

(May 18, 2012) -- Winnebago Industries, Inc., today confirmed that it is in receipt of a letter from North Street Capital, LP proposing to acquire all outstanding common shares of Winnebago Industries at a price of $11.00 per share in cash. The "offer" described in the letter is highly conditional, requiring, among other things, due diligence and further negotiation.  The company advises that no offer has been made to shareholders and that they need not take any action at this time in response to North Street's letter.