New Winnebago CEO Makes First Acquisition a Big One With Purchase of Grand Design
Winnebago Industries announced a transformative acquisition on Oct. 3 by saying it will purchase highly profitable towable maker Grand Design for about $500 million. Given the deal will increase total company revenue by over 40% from fiscal 2016 levels while also being accretive to operating margins by roughly 200 basis points a year compared with our prior model, we are increasing our fair value estimate to $32. The deal price is about 7.1 times trailing 12 months Grand Design’s $60 million of ...Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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