Pellet Fan
All Things Considered => General Discussion--Non food Related => Topic started by: Bar-B-Lew on December 12, 2022, 03:58:08 PM
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Word on the internet is that Weber Grill is going to be going private again.
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Copy/pasted from Marketwatch......
"Weber shares soared Monday after the grill maker announced it has
reached an agreement with BDT Capital Partners to be taken private.
BDT will purchase all the outstanding class A shares it doesn’t
already own in Weber (ticker: WEBR) for $8.05 a share.
The deal, with an implied enterprise value of $3.7 billion, is
expected to close in the first half of next year. The purchase price
is a premium of 60% to the closing price of Weber on Oct. 24.
“For over a decade, BDT has been a longstanding strategic partner
for Weber. With their continued support, our global team will move
forward in executing our long-term strategy with consumers and
customers as our top priorities,” said interim Weber CEO Alan Matula
in a statement.
Weber stock was up 23.3% on Monday to $8.02. Including the session’s
gains, the shares have tumbled 38% this year."