Weber Inc , known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal.
A Weber grill is seen outside the New York Stock Exchange as Weber Inc. celebrated their initial public offering in Manhattan, New York City, U.S., August 5, 2021. REUTERS/Andrew Kelly, known for its domed charcoal grill, said on Monday it had agreed to be taken private by controlling shareholder BDT Capital Partners LLC in a $3.7 billion deal.
The purchase price represents a 60% premium to Weber's closing price on Oct. 24, the last trading day before BDT submitted its takeover offer. The special committee of independent directors evaluating BDT's proposal had unanimously approved the deal, which is expected to close in the first half of 2023, Weber said on Monday.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weber to be taken private for $8.05 a share by BDT Capital PartnersWeber Inc. undefined announced Monday morning that it has reached an agreement with BDT Capital Partners to be taken private. Funds managed by BDT Capital...
Read more »
Grilling company Weber, based in Palatine, to be taken private in $3.7 billion dealInvestment funds managed by BDT Capital Partners LLC will buy all of the outstanding shares of Weber Inc. that they don't already own for $8.05 per share.
Read more »
Stocks making the biggest moves midday: Horizon Therapeutics, Coupa Software, Weber and moreThese are the stocks posting the largest moves in midday trading.
Read more »
Confederate Monument Set To Be Removed From Virginia CapitalRichmond’s final city-owned Confederate monument, which depicts General A.P. Hill, will be relocated this week, a city official said.
Read more »
Taliban: Assailants attack hotel in Afghan capital KabulA Taliban official says a hotel catering to foreign visitors in Afghanistan’s capital of Kabul was attacked and three of the assailants were killed
Read more »