NYSE:WEBR

Weber Inc. Announces Closing of Take-Private Transaction by BDT Capital Partners

Retrieved on: 
Tuesday, February 21, 2023
Retail, Home Goods, NYSE, WEBR, Weber Inc., BDT, Byron Trott, Cryptocurrency, Management

Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC (“BDT”).

Key Points: 
  • Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking products, innovation, and technology, today announced the closing of its take-private transaction by investment funds managed by BDT Capital Partners, LLC (“BDT”).
  • On December 12, 2022, Weber announced that BDT funds had signed a definitive agreement to purchase all of the outstanding shares of Weber Class A common stock that they did not already own for $8.05 per share, representing a total enterprise value of $3.7 billion.
  • “For over seven decades, Weber has been steadfast in its commitment to bring joy, fun, and moments of true human connection through outdoor cooking to spaces and places worldwide," said Weber CEO Alan Matula.
  • “With BDT’s continued support, we stay true to this mission as we progress in executing our long-term strategy and ensuring that we bring the industry’s highest performing, highest quality, and most innovative experiences to our customers and growing community of Weber owners.”
    Effective as of the closing of the transaction, trading of Weber’s Class A common stock has been suspended on the New York Stock Exchange (the "NYSE") and Weber has requested that its Class A common stock be delisted from the NYSE.

Weber Inc. Reports Fiscal First-Quarter 2023 Financial Results

Retrieved on: 
Thursday, February 9, 2023
Home Goods, Retail, Food, Beverage, Report of the Special Committee on the Termination of the National Emergency, WEBR, NYSE, GAAP, Weber, Committee, Weber Inc., Byron Trott, Adjustment, BDT, Bank, Cryptocurrency, Pharmaceutical industry

Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022.

Key Points: 
  • Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR), the global leader in outdoor cooking products, innovation, and technology, today announced its financial results for the fiscal first quarter 2023, ending December 31, 2022.
  • Weber reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis.
  • Please see “Non-GAAP Financial Measures,” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and reconciliations of the non-GAAP financial measures to the most comparable GAAP financial measures.
  • For the quarter, Weber generated net sales of $165 million, gross profit of $36 million, a net loss of $114 million, and Adjusted EBITDA loss of $30 million.

WEBER INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Weber Inc. - WEBR

Retrieved on: 
Tuesday, February 7, 2023
Class Action Lawsuit, Professional Services, Legal, Sale, Weber Inc., KSF, WEBR, Byron Trott, NYSE, Weber

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Weber Inc. (NYSE: WEBR) to funds managed by BDT Capital Partners LLC.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Weber Inc. (NYSE: WEBR) to funds managed by BDT Capital Partners LLC.
  • Under the terms of the proposed transaction, shareholders of Weber will receive $8.05 in cash for each share of Weber that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Bronstein, Gewirtz & Grossman, LLC Notifies Weber Inc. (WEBR) Investors of Investigation

Retrieved on: 
Friday, January 20, 2023
Class Action Lawsuit, Professional Services, Legal, Weber Inc., Byron Trott, WEBR, NYSE, BDT, Weber, Private investigator

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR).

Key Points: 
  • Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Weber Inc. (“Weber” or “the Company”) (NYSE: WEBR).
  • On December 12, 2022, Weber announced it will be acquired by private equity firm BDT Capital Partners LLC (“BDT”).
  • You can also contact Peretz Bronstein or law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
  • Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.

SHAREHOLDER ALERT: Weiss Law Reminds SAL, ISO, WEBR, and MPB Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, February 17, 2023
Weber Inc., OTC, ISO, WEBR, NYSE, Acquisition, SAL, MPB, Byron Trott, NBT, Multimedia, Law

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Salisbury Bancorp, Inc. (NASDAQ: SAL), in connection with the proposed merger of SAL with NBT Bancorp Inc. ("NBT").

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Salisbury Bancorp, Inc. (NASDAQ: SAL), in connection with the proposed merger of SAL with NBT Bancorp Inc. ("NBT").
  • Under the merger agreement, SAL shareholders will receive 0.7450 shares of NBT common stock for each SAL share, representing implied per-share consideration of $30.24 based upon NBT's February 16, 2023 closing price of $40.59.
  • Upon completion of the transaction, Berkeley Lights shareholders will own 75.2% of the combined company, while IsoPlexis shareholders will only own 24.8% of the combined company.
  • Under the terms of the merger agreement, WEBR shareholders will receive $8.05 in cash for each share of WEBR common stock owned.

Weber Trailblazes New Experiences in Electric, Griddle, and Pellet-Based Outdoor Cooking With Innovative Product Portfolio For 2023

Retrieved on: 
Wednesday, January 18, 2023
Engineering, Retail, Home Goods, Manufacturing, Specialty, Food, Beverage, Racionais MC's, Griddle, Charcoal, GENESIS, WEBR, NYSE, Cooking, Love, Smoke, Protein, Creativity, Crimson, Spring, SPIRIT, Baking, Fast food, Petroleum

Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season.

Key Points: 
  • Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season.
  • “Our product teams continue to push the boundaries of high-performance outdoor cooking in fuel and product categories that home cooks have just started to explore, including electric, griddle, and pellet grilling,” said Mike Jacobs, Chief Operating Officer of Weber.
  • “To develop this year’s product portfolio, we spent hundreds of hours talking to and cooking with people to determine how our products could help them more fully enjoy coming together around the grill.
  • To round out its griddle suite of products, Weber will also offer a series of new high-quality tools and accessories.

Weber Trailblazes New Experiences in Electric, Griddle, and Pellet-Based Outdoor Cooking With Innovative Product Portfolio For 2023

Retrieved on: 
Wednesday, January 18, 2023
Home Goods, Retail, Food, Beverage, Racionais MC's, Grate, Temperature, Wood, Stealth edit, Charcoal, GENESIS, WEBR, NYSE, Cooking, Love, Smoke, Protein, Creativity, Corrosion, Griddle, Heat, Crimson, Spring, SPIRIT, Restaurant, Baking, Fast food

Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season.

Key Points: 
  • Weber Inc. (NYSE:WEBR), the global leader in outdoor cooking, technology, and products, announced today its innovative new product offerings for the upcoming 2023 barbecue season.
  • Steam vegetables, braise sausages, and keep cooked food warm via different cook settings and specially designed accessories.
  • The new, stand-alone WEBER Griddle is ideal for outdoor cooks who love the versatility, convenience, expanded menu options, and delicious tastes griddle cooking provides.
  • In addition, this technology makes cooking on a griddle more convenient and controllable, even after adding cold food to the cooking surface.

WEBR INVESTIGATION ALERT: Kaskela Law LLC Announces Investigation of Weber Inc. Proposed Privatization at $8.05 Per Share and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, January 17, 2023
Class Action Lawsuit, Professional Services, Legal, Byron Trott, WEBR, Acquisition, IPO, BDT, NYSE, Security (finance), Management

Kaskela Law LLC announces that it is investigating Weber Inc. (“Weber” or the “Company”) (NYSE: WEBR) on behalf of the Company’s investors.

Key Points: 
  • Kaskela Law LLC announces that it is investigating Weber Inc. (“Weber” or the “Company”) (NYSE: WEBR) on behalf of the Company’s investors.
  • In August 2021, Weber completed its initial public offering (“IPO”) of common stock, selling 17.9 million shares of stock to investors at $14.00 per share.
  • Weber shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.)
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: KnowBe4, Inc. (Nasdaq - KNBE), Vivint Smart Home Inc. (NYSE - VVNT), Weber Inc. (NYSE - WEBR), Salisbury Bancorp, Inc. (Nasdaq - SAL)

Retrieved on: 
Tuesday, January 10, 2023
Vista, Weber, Salisbury, BDT, NYSE, Byron Trott, NBT, Vista Equity Partners, Vivint, Brodsky, NRG, NRG Energy, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • KnowBe4 stockholders will receive $24.90 per share in an all-cash transaction valued at approximately $4.6 billion on an equity value basis.
  • Under the terms of the agreement, Weber will be acquired by investment funds managed by BDT Capital Partners LLC (“BDT”).
  • Salisbury shareholders will receive 0.7450 shares of NBT common stock for each share of Salisbury common stock they own.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: KnowBe4, Inc. (Nasdaq - KNBE), Vivint Smart Home Inc. (NYSE - VVNT), Weber Inc. (NYSE - WEBR), Salisbury Bancorp, Inc. (Nasdaq - SAL)

Retrieved on: 
Friday, January 6, 2023
Vista Equity Partners, Salisbury, Brodsky, NRG Energy, BDT, Vista, Weber, Byron Trott, NYSE, NBT, NRG, Vivint, Security (finance)

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • KnowBe4 stockholders will receive $24.90 per share in an all-cash transaction valued at approximately $4.6 billion on an equity value basis.
  • Under the terms of the agreement, Weber will be acquired by investment funds managed by BDT Capital Partners LLC (“BDT”).
  • Salisbury shareholders will receive 0.7450 shares of NBT common stock for each share of Salisbury common stock they own.