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. In the year following the IPO, shares of Weber’s stock fell in value by over 50%, to trade below $6.50 per share in August 2022.
On December 12, 2022, Weber announced that it would be acquired by private investment funds managed by BDT Capital Partners LLC (“BDT”) at a price of $8.05 per share. Following the closing of the proposed transaction, Weber investors will be cashed out of their investment position and the Company’s shares will no longer be publicly traded.
The investigation seeks to determine whether Weber shareholders are receiving appropriate consideration for their WEBR shares, and whether Weber’s directors breached their fiduciary duties in agreeing to sell the company to BDT at $8.05 per share.
Weber shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/weber-inc/ , for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005425/en/
Contacts
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com
