Grill maker Traeger rallies after Weber buyout bid
25/10/2022 17:56
** Shares of wood pellet grill maker Traeger Inc COOK.N up
16.6% at $4.04 amid M&A news
** Weber Inc's WEBR.N stock soared as much as 45% on Tues
after barbecue grill maker received $1.8 bln takeover offer from
BDT Capital Partners
** WEBR's special committee of independent directors
evaluating proposal by BDT, the Chicago-based investment manager
headed by former Goldman Sachs banker Byron Trott
** 1,687,632 shares of COOK have traded so far on the
session vs stock's 10-DMA volume of 835,944
** Despite Tues gain, shares off 66% YTD. They hit record
low $2.52 last month vs Jul 2021 IPO price of $18
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))