Grill maker Weber to be taken private by BDT Capital Partners
Weber Inc.
announced Monday morning that it has reached an agreement with BDT Capital Partners to be taken private. Funds managed by BDT Capital will purchase all of the Weber shares they don't already own for $8.05 a share in a deal that assigns the maker of barbecue grills a $3.7 billion enterprise value. Weber's shares closed Friday at $6.50. The company noted in a release that the $8.05/share price that BDT Capital will pay is a 60% premium to the stock's closing price on Oct.
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