Winnebago’s board OKs share buyback plan

Winnebago Industries Inc. said late Wednesday that its board has authorized a new share buyback plan of up to $200 million, replacing a previous $70 million share repurchase authorization. The buyback plan is the largest in the company’s history “and reflects our confidence in the business, our strong cash generation ability and commitment to creating value for shareholders,” Winnebago said in a statement. Winnebago’s shares rose 2% in the extended session Wednesday after ending the regular trading day up 0.2%.

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