NEW
YORK, Dec. 12, 2022 /PRNewswire/ -- Shareholder
rights law firm Julie & Holleman is investigating the proposed
acquisition of Weber Inc. (NYSE: WEBR) by its controlling
shareholder, BDT Capital Partners, LLC. According to the merger
announcement, BDT Capital, which already controls a majority of the
Weber's common stock, will acquire the rest of the company's shares
for $8.05 per share. The deal is
expected to close in the first half of 2023.
To learn more about the investigation, click here. There is no
cost of obligation to you.
Weber is the world's leading barbecue brand, offering a
comprehensive, innovative product portfolio, including charcoal,
gas, pellet and electric grills, smokers, and accessories across 78
countries. Weber's largest shareholder is BDT Capital, which
controlled more than 60% of the company's voting power as of its
most recent proxy statement.
Julie & Holleman is investigating potential legal claims
available to Weber's shareholders regarding the proposed
acquisition, including claims relating to potential conflicts
resulting from the fact that BDT Capital controls the company they
now want to buy. Numerous members of Weber's board of directors
were also designated by BDT Capital, which raises questions about
the board's independence. Julie & Holleman is also concerned
about the adequacy of the $8.05 per
share acquisition price, as Weber's stock has traded at temporary
lows due to macroeconomic pressures, and BDT Capital is pouncing on
short-term trends to acquire the company at a steep discount.
If you would like more information about Julie & Holleman's
investigation, or about the acquisition in general, please contact
W. Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020. You may
also visit the firm's website by clicking here. There is no cost or
obligation to you.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions, and corporate
investigations. The firm's attorneys litigate in state and federal
courts across the nation. For more information about the firm,
please visit https://www.julieholleman.com/. This notice may
constitute attorney advertising.
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SOURCE Julie & Holleman LLP