Benzinga | Oct 14, 2021 05:56AM EDT

Winnebago Industries Plans $200M Share Buyback Program

* Winnebago Industries Inc (NYSE:WGO) Board of Directors has authorized a share repurchase program of up to $200 million of the company's common stock.

* The share repurchase approval replaces the previous $70 million share repurchase program.

* Winnebago Industries may make purchases under the repurchase program in the open market or through negotiated transactions, including block purchases or private transactions.

* The company held $405.84 million in cash and equivalents as of May 31, 2021.

* Price Action: WGO shares closed higher by 0.21% at $75.75 on Wednesday.