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.
Keywords – Weber Inc., Weber, WEBR, grill, charcoal, gas, electric, accessory, private equity, buyout, taken private, private ownership, economy, demand, restructuring.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in WEBR.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2022 – Ambastha Financial LLC.
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