BBQ Grill Maker Weber Fully Cooked, Pops 30% after Major Shareholder Bids for Remaining Shares

Weber, a leading outdoor grilling brand, saw its stock jump 30% after major shareholder BDT Capital Partners, the Chicago-based investment firm and merchant bank founded and led by Byron Trott, offered to buy the remainder of shares it doesn’t already own. According to a 13D filing the company has a stake of 88.9% in WEBR and offers $6.25/share in cash which represents a 24% premium to Weber’s closing price on Monday. Well down from the August 2021 IPO price of … Continue reading “BBQ Grill Maker Weber Fully Cooked, Pops 30% after Major Shareholder Bids for Remaining Shares”