WEBR Stock Recent News
WEBR LATEST HEADLINES
Weber Inc. WEBR, -0.31% announced Monday morning that it has reached an agreement with BDT Capital Partners to be taken private. Funds managed by BDT Capital will purchase all of the Weber shares they don't already own for $8.05 a share in a deal that assigns the maker of barbecue grills a $3.7 billion enterprise value.
PALATINE, Ill.--( BUSINESS WIRE )--Weber Inc. (“Weber”) (NYSE: WEBR), the global leader in outdoor cooking innovation, technology, and products, today announced that it plans to release its fiscal fourth quarter and full-year 2022 financial results on Wednesday, December 14, 2022. Weber management will host a conference call at 7:30 a.m. CT that morning to discuss its financial results.
Grill maker Weber is targeted by its controlling shareholder BDT Capital (89% stake). BDT has recently issued a non-binding takeover bid at $6.25/share. WEBR has since traded above the offer price, reflecting market's expectations of a higher bid.
Yahoo Finance anchor Seana Smith breaks down shares of Weber surging on news of a BDT Capital takeover bid.
After the closing bell on Monday, Weber Inc.'s largest shareholder, BDT Capital Partners, made an offer to buy the outdoor grill maker's remaining shares for $6.25 apiece.
Weber Inc (NYSE:WEBR) is surging today, last seen up 30.4% to trade at $6.57, after BDT Capital Partners offered to buy the grill company for $6.25 per share, or about $1.8 billion, which is a 24.3% premium to yesterday's close.
Yahoo Finance Live anchors Brad Smith and Brian Sozzi discuss shares of Weber after its largest shareholder makes an offer to acquire the grill maker.
BDT Capital Partners offered to acquire the company's outstanding shares of class A common stock for $6.25 a cash---in cash.
The grill maker received a compelling buyout offer.
Weber (NASDAQ: WEBR ), the outdoor grill maker whose stock became a failed meme while losing half its value, jumped 25% on a buyout offer from its largest shareholder. BDT Capital Partners, led by Byron Trott, is offering to take the company private at $6.25 share.