By Kuldip K. Ambastha
On Monday, December 12, 2022, Weber Inc. (WEBR), primarily a grill (charcoal, gas, and electric) and related accessory company, had its stock price rise by +23.2% per share for the trading day. The catalyst here was a buyout offer of $8.05 per share, from a private equity firm. The company is expected to be taken private sometime in the first six months of 2023. Weber has struggled in the near past due to tough economic conditions linked to a lack of recent demand for its product offerings. Under private ownership, perhaps Weber could be restructured and become a stronger entity going forward.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in WEBR.
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