Business briefs: Rain puts lid on SIG roofing sales | Winnebago offer
The news came as the firm staged its annual shareholder meeting at which there was a small 9.7 per cent protest vote against the directors’ remuneration report.
The Sheffield-based firm, which also supplies insulation products, also noted that turnover in the UK was around 1 per cent lower on a sales per day basis in the period since 1 January. The group trades from 710 locations across Europe.
£200m offer for Winnebago
Advertisement
Hide AdAdvertisement
Hide AdCAravan company Winnebago Industries has received an unsolicited buy-out offer from racing car enthusiast Alex Mascioli, valuing the largest US motor homes maker at $321.5 million (£203.3m).
The company said last night that it has not received enough information to call the $11-per-share offer credible, and asked its shareholders not to take any action. Founded in 1958, Iowa-based Winnebago has been struggling in recent years as consumers put off spending on big-ticket items. Motor home shipments in 2012 are expected to reach 265,200, up 5 per cent.