SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation into Fairness of Weber Inc. (NYSE: WEBR) Privatization at $8.05 Per Share and Encourages WEBR Investors to Contact the Firm
PHILADELPHIA, Jan. 10, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Weber Inc. ("Weber" or the "Company") (NYSE: WEBR) on behalf of the Company's shareholders.
Weber shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/weber-inc/ , for additional information about this investigation and their legal rights and options.
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 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: (i) whether the transaction as structured is fair to Weber shareholders; (ii) whether Weber shareholders will be receiving sufficient monetary consideration for their shares; and (iii) whether Weber's directors breached their fiduciary duties in agreeing to sell the company to BDT at $8.05 per share.
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.
CONTACT:
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
SOURCE Kaskela Law LLC
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