- Weber (WEBR ) soared 18% in after hours trading after BDT Capital offered to buy the grill maker for $6.25/share in cash.
- BDT Capital reported a stake of 88.9% in Weber ( NYSE: WEBR ) and offered to buy the remainder of shares it doesn't already own for $6.25/share, according to a 13D filing. The offer would represent a 24% premium to Weber's closing price on Monday.
- The filing comes after Street Insider reported earlier this month that the grill maker received a takeover approach from a private equity firm.
- After the Street Insider report Bloomberg published a story that said Weber Weber was said to be evaluating debt financing from BDT Capital Partners.
- Weber ( WEBR ) short interest is 47%.
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Weber jumps 18% after BDT Capital $6.25/share takeover offer