20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Weber Inc (NYSE:WEBR) has entered into a definitive merger agreement by which investment funds managed by BDT Capital Partners LLC will purchase all of the outstanding Shares for $8.05 per share.
- The total enterprise value of the deal will be $3.7 billion.
- The purchase price represents a premium of 60% to the closing price of the shares on October 24, 2022, the last trading day before the proposal was disclosed.
- "We appreciate the Special Committee's comprehensive evaluation of BDT's offer and are confident that this transaction provides immediate and fair value to Weber minority shareholders," said interim CEO Alan Matula.
- Under the transaction agreement, BDT managed investment funds will provide Weber with an additional unsecured loan facility in the aggregate principal amount of $350 million.
- Weber intends to utilize the loan for general corporate purposes, including repaying existing indebtedness.
- Weber will become a privately held company majority owned by investment funds managed by BDT. The transaction is expected to close in the first half of 2023.
- Price Action: WEBR shares are trading higher by 22.4% at $7.96 in premarket on the last check Monday.
- Photo Via Wikimedia Commons
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!