Weber IPO - Grilling company

Good company, great grills, but I won't be buying any at this point.

"Revenue jumped 62% year-on-year in the six months ended March 31, driven by the increasing adoption of an outdoor lifestyle, Weber disclosed in the filing."

Smart timing by the ownership group. The pandemic has definitely helped bbq sales but it's not likely to be sustainable. If this article is correct $8B valuation sure isn't cheap. But this is an opportunistic equity raise and I wouldn't expect that to be done at a cheap price, unless the company leadership is incompetent or desperate.

source
https://www.reuters.com/article/weber-i ... SL4N2P32HL

I can't see how a grill company with limited products can be worth this much unless they plan to do other things soon.

HelenCh wrote: ↑ I can't see how a grill company with limited products can be worth this much unless they plan to do other things soon.

A BBQ that you can throw your blockchain in might be something

HelenCh wrote: ↑I can't see how a grill company with limited products can be worth this much unless they plan to do other things soon.

HammerRFDer wrote: ↑ A BBQ that you can throw your blockchain in might be something

They may announce that they will start to accept BitCoin for purchases!

WEBR MAYBE the next BBBY

look at that, After hours 11.52 +1.52 (15.20%)

When people here finally notice and start posting about it, is when I get out (eg see BBBY). Short interest 50+% of the float as of jul 30, i assume a lot have covered

Jump in for a week? Lol

Great trade four month for BDT Capital if they can pull this off. IPO priced at $14/sh and now they looking to buy back at $8.05/sh.

Weber, backed by BDT Capital Partners, said it plans to sell nearly 46.9 million shares at between $15 and $17 apiece in an initial public offering that could give the grill maker a market capitalization of around $5bn.
https://pe-insights.com/news/2021/07/29 ... ap-at-5bn/


No analysis done by me, but the acquirer, BDT Capital Partners, gave a low ball bid back on Oct 24/22 at $6.25 for the Class A common. A WEBR independent committee recommends accepting the new $8.05 bid. Based purely on the price chart, the mkt consensus seems to think the new bid is also light. Not going to get involved, just posting for interest sake.

Weber Inc. to Be Taken Private by BDT Capital Partners for $8.05 Per Share
December 12, 2022 07:16 AM Eastern Standard Time
https://www.businesswire.com/news/home/ ... 005412/en/

PALATINE, Ill.--(BUSINESS WIRE)--Weber Inc. (NYSE: WEBR) (“Weber” or the “Company”), the global leader in outdoor cooking innovation, technology and products, today announced that it has entered into a definitive merger agreement pursuant to which investment funds managed by BDT Capital Partners LLC (“BDT”) will purchase all of the outstanding Class A Shares that they do not already own, for $8.05 per share of Class A common stock of Weber (“Class A Share”), which implies a total enterprise value of $3.7 billion for Weber.

The purchase price represents a premium of 60% to the closing price of the Class A Shares on October 24, 2022, the last trading day before BDT submitted a non-binding acquisition proposal to the Board of Directors of the Company (the “Board”) and Weber disclosed the receipt of such proposal.

A special committee (the “Special Committee”) of the Board, comprised solely of independent directors, advised by its own independent financial and legal advisors, determined that the proposed transaction is in the best interests of the holders of Class A Shares other than BDT and unanimously recommended that the Board approve the transaction. Acting upon the recommendation of the Special Committee, Weber’s Board approved the transaction.