from the tiny print at the bottom of each TVWBB webpage: The Virtual Weber Bulletin Board is an unofficial Weber product fan site and is not affiliated with Weber-Stephen Products LLC.
I'll take $8.05 per share for the 1,000,000 shares of Chris A. Allingham LLC that I own. Yippee!
with a strike price of $0.45 a share, you'd be making out spectacularly if you had pre-IPO shares (strike price made up as I have zero knowledge of any insider pre-ipo share prices.) but i'm sure the vulture capital company that bought in on the original family sale did just fine on the ipo and run up. and the public will get hosed a bit on this deal if/when it closes. i'll take my losses and carry on. there's other stuff to buy out there.I'll take $8.05 per share for the 1,000,000 shares of Chris A. Allingham LLC that I own. Yippee!
Just kidding...no, Joan, since this forum is not affiliated with Weber, it has no affect here.
bdtcapital.com
Weber Inc. to be Taken Private by BDT Capital Partners for $8.05 per Share | BDT
Palatine, Ill (December 12, 2022) – Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking innovation, technology and
“For over a decade, BDT has been a longstanding strategic partner for Weber. With their continued support, our global team will move forward in executing our long-term strategy with consumers and customers as our top priorities. And we’ll continue to sharpen our focus on doing what we do best: delivering the outdoor cooking industry’s most innovative, best-performing, highest-quality products and engaging millions worldwide who love to gather together and cook outside.”
“Weber is the #1 brand and global category leader in outdoor cooking, and it has demonstrated a relentless commitment to quality and innovation over its 70-year history. We look forward to continuing our partnership with the company and the founding Stephen family in its next chapter,” said Kelly Rainko, BDT Partner and Non-Executive Chair of the Board of Weber."
to me, it sounds like Weber found a capital partner to help grow and advance the brand. private companies can and do make a lot of money. going public isn't the only way to raise money to fund growth, expansion and increased market share.
this doesn't appear to be a liquidator acquisition but rather a strategic growth opportunity and going private is a smart choice, all things considered.
Weber Inc. to be Taken Private by BDT Capital Partners for $8.05 per Share | BDT
Palatine, Ill (December 12, 2022) – Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking innovation, technology and
“For over a decade, BDT has been a longstanding strategic partner for Weber. With their continued support, our global team will move forward in executing our long-term strategy with consumers and customers as our top priorities. And we’ll continue to sharpen our focus on doing what we do best: delivering the outdoor cooking industry’s most innovative, best-performing, highest-quality products and engaging millions worldwide who love to gather together and cook outside.”
“Weber is the #1 brand and global category leader in outdoor cooking, and it has demonstrated a relentless commitment to quality and innovation over its 70-year history. We look forward to continuing our partnership with the company and the founding Stephen family in its next chapter,” said Kelly Rainko, BDT Partner and Non-Executive Chair of the Board of Weber."
to me, it sounds like Weber found a capital partner to help grow and advance the brand. private companies can and do make a lot of money. going public isn't the only way to raise money to fund growth, expansion and increased market share.
this doesn't appear to be a liquidator acquisition but rather a strategic growth opportunity and going private is a smart choice, all things considered.
They were private some cashed out when they went public which lasted all of what 16 months screwing the stockholders nothing to do with strategic growth by the way they were on their way to bankruptcy all you had to do was look at the last earning report and look at how much cash they had on hand along with the horrible earnings. BDT as I said had no choice to make this move otherwise they were in danger of losing their entire position if it went belly up. Good luck trying to take this thing public many years down the road wall street is not going to get suckered again so unless they raise money for sure some or not the majority of that cash will need to go to the company to pay down debt and actually have excess cash for operations.
I don’t know what BDTs model is. Their website is light on past deals and they’ve been around since 2009.
www.wsj.com
Brutal summer sales season. Down 50% YOY. Either a lot of sales were pulled forward during Covid or the sales normalized to reality. BDT still has a good deal at $8.05 a share. They can right the ship, streamline productivity and get this back to profitability.Earnings report pretty ugly BDT had to throw in another $350 million in unsecured loans. Probably not one of their better investments to say the least kind of surprised they increased their offer for those shares nobody else was going to step into this.
Weber Inc. Reports Fiscal Year 2022 Results
PALATINE, Ill., December 14, 2022--Weber Inc. ("Weber" or "the Company") (NYSE: WEBR) today announced its financial results for the fiscal fourth quarter and full-year 2022, ending September 30th.finance.yahoo.com
Why? That doesn’t solve the problem.
