Shares of Weber (NYSE: WEBR) shot up in pre-market trading on Tuesday as the manufacturer of outdoor grills announced in an SEC filing that BDT Capital Partners had proposed to acquire all outstanding shares of Weber for $6.25 per share in cash.
Earlier this month, Bloomberg reported that Weber was considering a debt financing deal from BDT Capital Partners. BDT Capital is Weber’s largest shareholder with around an 86.6% stake.
